Dummy variables will have to be created for two of the dependent variables. Explain what dummy variables are, how they are created, and what role they play in regression estimation.
Case Study 15.3 Hawlins Manufacturing – Further instruction and guidance. Ross Hawlins had done it all at Hawlins Manufacturing company founded by his grandfather 63 years ago. Among his many duties, Ross oversaw all the plant’s operations, a task that had grown in responsibility given the company’s rapid growth over the past three decades. When […]