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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
2. In a regression model, a researcher is interested in modeling the influence of color (red and green) on customer preference (P). He defines the dummy variable C1 to mean 1 for green and 0 for red.
The regression equation was estimated to be P=100+5C1
Suppose another researcher is interested in defining the dummy variable C2 to mean 0 for green and 1 for red.
Q: What will be the new estimated equation using the same dataset as the first?
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