Understand the Concept of Dummy Variables and Examples by Noman Arshed
In this video I have explained about explained how a dummy variable is made in data. Added examples of dummy variable for panel data and how to solve it.
✔️ Topic Name: Understand Concept of Dummy Variables and Examples by Noman Arshed
✔️ Topics Covered in This Video:
0:03 Dummy Variables
0:12 Numeric representation
0:17 Qualitative or alphabetical data
1:45 example
2:06 Definition
5:32 example
5:38 Advantage
7:18 how to make a Dummy variable
8:40 Most common example
9:42 regression analysis
10:13 different perspectives of regression
10:16 applied dummy variable indirectly
11:13 qualitative information
11:29 created numeric data
12:31 applied some statistical techniques
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