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Basic Question 4 of 6
When creating dummy variables for a categorical variable with k categories, how many dummy variables should be created?
A. k + 1
B. k - 1
C. 2k
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
formulate and interpret a multiple regression model that includes qualitative independent variables;
CFA® 2025 Level II Curriculum, Volume 1, Module 4.