What do you mean by Binary Dependent Variables?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter9: Systems Of Equations And Inequalities
Section9.7: The Inverse Of A Matrix
Problem 6E
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What do you mean by Binary Dependent Variables?
Expert Solution
Step 1
The binary dependent variable is a type of categorical variable which has only two possible outcomes. It is very much useful in a classification problem.
To understand this, let us consider an example as below:
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