Hello,

Currently I am investigating the impact of industry categorization (categorical variable) on premium's paid (continuous variable) in acquisitions. Therefore, I have categorized my data in 48 industry categories and now I am trying to regress the industries with the paid premiums. But stata automatically selects one of my industries as base. How can I calculate the impact of the different industries on the premiums without a base since there is no standard industry?

Thank you for your help!