Currently, I am analyzing data from a small study of 1500 participants. There are only 63 disease cases (asthma). The exposure is a continous score (questionnaire data). I ran seperate regression models to predict asthma using a) the continous exposure and b) the dichotomoized exposure (median split).
My question: Am I right to assume that the sample / case numbers are too limited to run analyses based on tertiles (-> 500 cases per category and less than 20 cases, especially in the intermediate category)? I am not aware of any rule saying that 20 cases are too few, but that is what I often heard. If this is true, can you recommend a reference to support this?
Ps. the estimates are multivariate-adjusted (7 confounders?)