Hello;
I have experience with regression, I just haven't done it in a while and am SUPER confused at the moment, and thought it would be worth it to ask; its a really easy question.
I am doing a regression analysis, and some of my control variables are categorical values with values ranging from 1-4.
For example, one variable is health, where 1=excellent, 2=good, 3=fair, and 4=poor
If I were to run a regression, what value would the coefficient use as a reference?
Would I be reading it as if health is excellent, or poor? Etc?
Thanks!
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