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

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

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

An example of the use of a dummy variable is the work estimating the impact of gender on salaries.

From Textbooks ● Nov. 29, 2017

This occurs because of the new variable X2 X1, called the interaction variable, was created to allow for an effect on the slope of X1 from changes in X2, the binary dummy variable.

From Textbooks ● Nov. 29, 2017

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