Hello,
For a project i want to do a regression analysis with 1 indepentent variable (amount of airbnbs per municipality) and multiple dependent variables that together make up "housing demand". I want to know how the number of airbnbs in an area influences the different indicators of housing demand. I have come to find that a Multivariate regression analysis is the right way. However, an assumption of this analysis is that the independent variabale is categorical, which, at the moment, it is not. My question therefore is twofold. Firstly, am i correct in stating that a multivariate regression analysis is the proper anaylsis for this case? Secondly, am i correct in stating that i need to transform my indepentent variable from ratio to categorical?
Thanks in advance!
Kind regards,
Willem van de Corput