Financial Simulation Terms

noun a person who is slow to learn or understand; a stupid person; a figure representing the human form, used for displaying clothes or for practice in drawing or painting

verb to make a dummy of (something)

adjective having the appearance of being real but lacking the capacity to function; designed to simulate an actual event or situation; fake or imitation

• The scientist used a dummy variable in the regression analysis to control for potential confounding variables.
• I accidentally left my phone at home, so I had to use a dummy phone for the day.
• Don't be a dummy and fall for that scam!
• She felt like a dummy after forgetting her lines during the play.