Abstract
We’ll see next the use of variables taking the value 1 or 0 (zero) as explanatory variables. Usually, but not necessarily these variables are denoted with the letter d. Note also that the situation or category marked with zero plays the role of the reference category.
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© 2015 Alexis Lazaridis
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Lazaridis, A. (2015). Dummy or Control Variables and Additional Tests. In: Dynamic Systems in Management Science. Palgrave Macmillan, London. https://doi.org/10.1057/9781137508928_3
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DOI: https://doi.org/10.1057/9781137508928_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-70170-4
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