dummy variable

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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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An indicator variable is included for whether the college is a private institution.
The indicator variable D450 was set 1 if stand density is in the 450 class, zero otherwise; a similar variable (D950) was set 1 if the stand was in the 950 class, zero otherwise.
Throughout the following you will see membership in the BOD-0 group included as an indicator variable in the regression model.
Pre-SOX is an indicator variable that equals 1 if the year is 2000 or 2001 and 0 otherwise.
The dependent variable in the outcome equation, equation 2, is an indicator variable for whether an individual had one or more ACSC hospitalizations in the current period.
More specifically, when the ability [theta] is considered as a random variable as in MML estimation (5), we will use the indicator variable M, having a value zero for all realizations of [theta].
Probit analysis is used with the dependent variable being an indicator variable equal to 1 for a guilty verdict.
Duality was measured with an indicator variable depicting whether the CEO also served as the board chair (Dalton et al.
Finally, long-term partnership was regarded as the indicator variable of future cooperation intention.
Alexander and Kern (2004) estimated a hedonic model that included income in the local market, population of the local market, team success as measured by finish in the previous season's final standings, an indicator for teams with a regional orientation, an indicator variable for teams that relocated from another location, and an indicator variable for the presence of a new stadium as observable characteristics using data on annual estimated franchise values in the National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL), and Major League Baseball (MLB).
Testing for statistical significance of the contracting indicator variable will reveal the effect of call feature on agency costs of debt.