For instance, if you take an average of a 0,1 variable, the result is the proportion of 1s in the distribution. To illustrate dummy variables, consider the simple regression model for a posttest-only two-group randomized experiment.
President Barack Obama has already played nearly eight times as many rounds of golf during his presidency as President George W. Bush did throughout his eight years in office, according to noted presidential chronicler of all things numerical, CBS Newsâ Mark Knoller.
But even when given credit for many more hours of economic meetings and counting far fewer hours of vacation and golf time, President Obama still ended up playing twice as much as working on the economy since he was elected in 2008.