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'is a dummy variable' is a grammatically correct and usable phrase in written English
You can use it when you are referring to a parameter or variable used in computer or statistical models to represent an unknown or irrelevant factor. For example, "In this linear model, gender is a dummy variable used to differentiate between the two genders."
Exact(60)
Race is a dummy variable here, but not of interest as such.
generics is a dummy variable.
This variable is a dummy variable.
Hostile Deal is a dummy variable indicating hostile takeover attempt.
tax is a dummy variable which shows whether the health system is tax-funded or not.
The dependent variable PC c is a dummy variable defining participation in post compulsory education.
Community j is a dummy variable indicating the existence of community in the destination country.
Election is a dummy variable taking the value of 1 during election years and 0 otherwise.
Gender is a dummy variable with '1' indicating males and '0', females.
SOE is a dummy variable that equals one when firms are SOEs, zero otherwise.
b Information is a dummy variable and information = 1 indicates medically-informed individuals.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com