(2) Suppose party affiliation has four categories: Democrats, Republicans, Libertarians, and Others. If we include party affiliation as an independent variable in a regression model, how many dummy variables are needed to represent the party affiliation in the model? Define the dummy variables for the party affiliation.

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Chapter9: Sequences, Probability And Counting Theory
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(2) Suppose party affiliation has four categories:
Democrats, Republicans, Libertarians, and Others. If we
include party affiliation as an independent variable in a
regression model, how many dummy variables are needed
to represent the party affiliation in the model? Define the
dummy variables for the party affiliation.
Transcribed Image Text:(2) Suppose party affiliation has four categories: Democrats, Republicans, Libertarians, and Others. If we include party affiliation as an independent variable in a regression model, how many dummy variables are needed to represent the party affiliation in the model? Define the dummy variables for the party affiliation.
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