Categorical variable in logit/probit/tobit models

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hmax
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Joined: Wed Jun 01, 2011 1:37 am

Categorical variable in logit/probit/tobit models

Postby hmax » Wed Jun 01, 2011 1:50 am

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?

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