dummy variable

Definitions

Computing

Economics

  • noun a variable with the value of either 1 or 0, used to indicate that some characteristic is present or absent

Health Economics

  • (written as Dummy Variable)
    An alternative name for a binary variable, which takes the value 1 or 0. Examples are gender, domicile (home/abroad), pregnancy, liking for Wagner's music.
  • synonymBinary Variable
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