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
Requirements
Basics of Simple Linear Regression
Description
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 TrapInterpretation of models with an additive dummy variables Distinguish between additive and multiplicative dummy variablesInterpretation of multiplicative dummy variablesMotivation to use an interactive dummy variable Use of Base/Benchmark CategoryFollowed 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
Overview
Section 1: Concepts (Step by step explanation)
Lecture 1 Forming a Dummy Variable and Dummy Variable Trap
Lecture 2 Practice Example
Lecture 3 Additive Dummy Variables
Lecture 4 Multiplicative Dummy Variables
Lecture 5 Dealing with multiplication of two quantitative variables
Lecture 6 Motivation to use an Interactive Dummy Variable
Lecture 7 Working with Interactive Dummy Variables
Lecture 8 Base or Benchmark Category
Section 2: Practice Questions
Lecture 9 Q1 - Dummy Variable Trap
Lecture 10 Q2 - Interaction of a Dummy and a Quantitative Variable
Lecture 11 Q3 - Working with Dummy Variables
Lecture 12 Q4 - Basic Interpretation
Lecture 13 Q5 - Dummy Variable Trap
Lecture 14 Q6 - Dummy Variable Trap
Students taking Econometrics at University Level


Homepage

https://www.udemy.com/course/introductory-econometrics-online-course-dummy-variables/