I need to calculate MR but my data consists of many dummy variables. I had a question in my survey that asked for the budget/month. But instead of giving the option to fill in a value, I offered ranges (steps of 250, so I have like 0-250; 250.01-500 and so on)
I created dummy variables for these different steps so now I have a total of 6 dummy's and the problem is that I can't calculate the ln-values of these dummy's because all values are either 0 or 1. So any ideas how I can go around this problem?