Dummy variable regression explained: Regression with categorical variables (Excel)

Dummy variables are the go-to technique to introduce categorical variables or qualitative data in general into your regression modelling. Today we discuss the application of dummy variables in Excel and the relevant econometric concepts surrounding their use based on a simple example.
Don't forget to subscribe to NEDL and give this video a thumbs up for more videos in Econometrics!
Please consider supporting NEDL on Patreon: / nedleducation

[@NEDLeducation]

You can find the spreadsheets for this video and some additional materials here: drive.google.com/drive/folders/1sP40IW0p0w5IETCgo464uhDFfdyR6rh7
Please consider supporting NEDL on Patreon: www.patreon.com/NEDLeducation

[@emileecvz]

Love the video and blown away by your spreadsheet prowess !

[@chudd5922]

Doing gods work!! Thanks man

[@abdinardooliveira9109]

Very, very useful the content of this video!

[@aslivinschi]

This is absolutely great! Interesting how this could be done in Python assuming a larger dataset

[@user-wr4yl7tx3w]

For me, python would be easier to follow than excel.