The file ToyotaCorolla.csv contains data on used cars (Toyota Corollas) on sale during late summer of 2004 in the Nether
Posted: Sun Jul 03, 2022 11:22 am
The file ToyotaCorolla.csv contains data on used cars (ToyotaCorollas) on sale during late summer of 2004 in the Netherlands. Ithas 1436 records containing details on 38 attributes, includingPrice, Age, Kilometers, HP, and other specifications. The goal willbe to predict the price of a used Toyota Corolla based on itsspecifications.
1)Identify the categorical variables.
2)Explain the general relationship between a categoricalvariable and the series of binary dummy variables derived fromit.
3)How many dummy binary variables are required to capture theinformation in a categorical variable with N categories?
4)Use R to convert one of the categorical variables in thisdataset into dummy variables, and explain in words, for one record,the values in the derived binary dummies.
Language- R
1)Identify the categorical variables.
2)Explain the general relationship between a categoricalvariable and the series of binary dummy variables derived fromit.
3)How many dummy binary variables are required to capture theinformation in a categorical variable with N categories?
4)Use R to convert one of the categorical variables in thisdataset into dummy variables, and explain in words, for one record,the values in the derived binary dummies.
Language- R