Step by step explanation and interpretation of regression equations with dummy variables. Ideal for university students.
If you have ever struggled with understanding Dummy Variables, you have come to the right place. This course is for students taking Introductory Econometrics at University Level.
What you’ll learn
- How to form a dummy variable.
- Meaning of dummy variable trap.
- Interpretation of models with an additive dummy variable.
- Distinction between additive and multiplicative dummy variables.
- How to interpret a model with multiplication of two quantitative variables.
- Use of base/benchmark category in the interpretations.
- Motivation to use an interactive dummy variable.
- Interpretation of models with an interactive dummy variable.
Course Content
- Concepts (Step by step explanation) –> 8 lectures • 2hr 6min.
- Practice Questions –> 6 lectures • 35min.
Requirements
If you have ever struggled with understanding Dummy Variables, you have come to the right place. This course is for students taking Introductory Econometrics at University Level.
What makes this course stand out?
This course has a Step by Step Explanation of concepts that will take you from asking ‘What are Dummy Variables’ to confidently saying ‘I have got this!’
I am Shubham Kalra, author of multiple ebooks and online econometrics tutor. In my career, I have had the pleasure of teaching students from over 85 universities and this course contains all my experience.
I know what works, and I have made sure that this course works for you.
Quick Overview of Course Structure:
- Creating a Dummy Variable
- Meaning of Dummy Variable Trap
- Interpretation of regression models with an additive dummy variables
- Distinguish between additive and multiplicative dummy variables
- Interpretation of regression models with multiplicative dummy variables
- Motivation to use an interactive dummy variable in a regression equation
- Use of Base/Benchmark Category
Followed by this, you will also get some practice questions that you can attempt to test your knowledge.
This course comes with:
- A 30 day money-back guarantee.
- Support in the Q&A section – ask me if you get stuck!
I really hope you enjoy this course!
– Shubham Kalra