ANOVA Models
A regression model, in which all the explanatory variables are dummies or qualitative in nature, is called an Analysis of Variance (ANOVA) model. Here, the regressand will be quantitative and all the regressors will be exclusively qualitative in nature.
Read more about this topic: Dummy Variable (statistics)
Famous quotes containing the word models:
“The parents who wish to lead a quiet life I would say: Tell your children that they are very naughty—much naughtier than most children; point to the young people of some acquaintances as models of perfection, and impress your own children with a deep sense of their own inferiority. You carry so many more guns than they do that they cannot fight you. This is called moral influence and it will enable you to bounce them as much as you please.”
—Samuel Butler (1835–1902)