I have a three point Likert scale question:
How happy are you? 1= low levels of happiness 2= medium levels 3= high levels
I want to do multiple linear regression on the variable. I am making the assumption that that it has the same difference between low and medium and medium and high. I want to treat it as a continuos dependent variable.
I know some people would see this as inappropriate, and there is the age old issue about whether to treat survey data as continuous.
- But are there any further problems applicable to my dependent variable because it is only on a 3 point scale as opposed to 4 or 5?