12. A dummy variable: a. Is an artificial variable generated by the researcher via econometric packages b. Is used to check whether an event, policy, feature causes changes in the value of Y c. Takes on either 0 or 1 d. A and Ce. All the above
12. A dummy variable: a. Is an artificial variable generated by the researcher via econometric packages b. Is used to check whether an event, policy, feature causes changes in the value of Y c. Takes on either 0 or 1 d. A and Ce. All the above
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
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![12. A dummy variable: a. Is an artificial variable
generated by the researcher via econometric
packages b. Is used to check whether an event,
policy, feature causes changes in the value of Y c.
Takes on either 0 or 1 d. A and Ce. All the above
13. To test whether the partial impact of X 1 on Y
changes for different values of X 2, we include:
14. If the impact of X 1 on Y, differs depending on
the initial value that X 1 takes on, we: a. Include a
quadratic term in the regression equation b. Are
dealing with a non-linear impact of X 1 on Y c. Can
state that X1 has an increasing impact on Y d. A and
Вe. А and C
15. The partial impact of a categorical dummy on Y
is
16. Dummy Variable trap arises when we include all
possible groups in the regression equation. (True /
False)
17. The presence of multicollinearity between
regressors does not violate ceteris paribus
interpretation. (True / False)
18. When comparing two nested models, a
researcher runs a/n
test:
19. When comparing two non-nested models, one
can rely on:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd162c1e0-4fa0-4043-a5a9-005ca139010d%2F05a78fd2-70ca-4a4e-afee-4cd82a53d5d3%2F8bgqft_processed.jpeg&w=3840&q=75)
Transcribed Image Text:12. A dummy variable: a. Is an artificial variable
generated by the researcher via econometric
packages b. Is used to check whether an event,
policy, feature causes changes in the value of Y c.
Takes on either 0 or 1 d. A and Ce. All the above
13. To test whether the partial impact of X 1 on Y
changes for different values of X 2, we include:
14. If the impact of X 1 on Y, differs depending on
the initial value that X 1 takes on, we: a. Include a
quadratic term in the regression equation b. Are
dealing with a non-linear impact of X 1 on Y c. Can
state that X1 has an increasing impact on Y d. A and
Вe. А and C
15. The partial impact of a categorical dummy on Y
is
16. Dummy Variable trap arises when we include all
possible groups in the regression equation. (True /
False)
17. The presence of multicollinearity between
regressors does not violate ceteris paribus
interpretation. (True / False)
18. When comparing two nested models, a
researcher runs a/n
test:
19. When comparing two non-nested models, one
can rely on:
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