please answer question in not more than one page. max 3 paragraphs, short and straight to the point. include references

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Business Finance

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Regression analysis is usually performed using quantitative data of both dependent and independent variables. Can it be done for categorical data? Using scholarly citations, differentiate regression analysis for quantitative vs. categorical data.

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Regression Analysis for Quantitative vs. Categorical data.
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Categorical variables represent data that is not amenable to actual quantification or otherwise
qualitative (Simonoff, 2013). More so, categorical variables include dummy variables which
signify conceptual opposites, ordinal variables where there is an ordered relationship between
them and nominal variables which signify conceptual ...


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