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- Wed Jun 01, 2011 1:50 am
- Forum: Econometric Discussions
- Topic: Categorical variable in logit/probit/tobit models
- Replies: 0
- Views: 1612
Categorical variable in logit/probit/tobit models
Hi. I have a regression variable that describes one of four categories my samples go to. Somewhere over the internet I found suggestion to create dummy variables for types of variables my is. I made some tests and coefficients in logit/probit make sense to me, but is this right thing to do?