Define binary variables? And what are the two types of binary variables?
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Answer / Prabhat Kumar Singh
Binary variables are variables that can only take on two possible values, often represented as 0 and 1. The two main types of binary variables are nominal binary variables (also called dichotomous) and ordinal binary variables (also called binary with levels). Nominal binary variables have no inherent order between the two values, while ordinal binary variables have an implied order.
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