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dummy variable

   Also found in: Encyclopedia, Wikipedia 0.01 sec.
dummy variable
n
(Mathematics) a variable appearing in a mathematical expression that can be replaced by any arbitrary variable, not occurring in the expression, without affecting the value of the whole


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The estimate for the Monday dummy variable is the most negative, which again contradicts the hypothesis that short sellers close out their positions on Friday and reopen them on the following Monday.
Governance Dummy Variables: The governance dummy variables are based on the governance database compiled by Kaufmann et al.
This model includes a set of dummy variables for attendance zone boundaries, constructed such that the dummy variable pertaining to the nearest boundary to house i takes a value of 1, and all others take a value of 0 for that house.
 
 
 
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