Interpreting the Dummy Variable Coefficients (with 3 Levels)
{"Image DocumentName": "Interpreting the Dummy Variable Coefficients (with 3 Levels)", "Image ImageDescription": "Suppose the estimated equation is. For a condo: x2 = x3 = 0. With the same square feet, a split-level will have an estimated average price of thousand dollars more than a condo. For a ranch: x3 = 0. With the same square feet, a ranch will have an estimated average price of thousand dollars more than a condo. For a split level: x2 = 0.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}