Determine the number of qualitative independent variables, Project Management

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Determine the number of qualitative independent variables

Repeat given Exercise, but for clients whose risk levels have been specified as low, medium, high, or very high.

Exercise
Data to be used in a linear regression analysis involving clients of an investment counselor include information regarding the risk level each client has specified: low, medium, or high. Determine the number of qualitative independent variables that will be required to represent this information and describe the coding scheme for each.

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Project Management: Determine the number of qualitative independent variables

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Project Management: Determine the number of qualitative independent variables

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