dummy variable

British

noun

a variable appearing in a mathematical expression that can be replaced by any arbitrary variable, not occurring in the expression, without affecting the value of the whole

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dummy variable

X2 is the dummy variable and X1 is some continuous random variable.

From Textbooks ● Nov. 29, 2017

Note that when the dummy variable, X2 = 0 the interaction variable has a value of 0, but when X2 = 1 the interaction variable has a value of X1.

From Textbooks ● Nov. 29, 2017

Any of the other independent variables could have been chosen to illustrate the effect of the dummy variable.

From Textbooks ● Nov. 29, 2017

The binary variable, our dummy variable of interest in this analysis, is gender where male is given a value of 1 and female given a value of 0.

From Textbooks ● Nov. 29, 2017

A more complex interaction between a dummy variable and the dependent variable can also be estimated.

From Textbooks ● Nov. 29, 2017

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