Stats review and coefficient interpretation Flashcards

1
Q

What happens to B0 and B1 (and their standard errors) when the DV is multiplied by 100?

A

B0 and its se-mulltiplied by 100

B1 and its se-multiplied by 100

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2
Q

What happens to B0 and B1 (and their standard errors) when the IV is multiplied by 100?

A

B0-nothing

B1 and its se-divided by 100

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3
Q

What happens to B0 and B1 (and their standard errors) when 100 is added to the IV?

A

B0 (but NOT its se)-add 100

B1-nothing

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4
Q

How to interpret coefficient when neither y nor x is logged?

A

1-unit change in x leads to B1 unit change in y

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5
Q

How to interpret B1 coefficient when x is logged, but y is not?

A

1% change in x leads to (B1/100) unit change in y

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6
Q

How to interpret B1 coefficient when y is logged, but x is not?

A

1-unit change in x leads to 100*B1 % change in y

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7
Q

How to interpret B1 coefficient when both x and y are logged?

A

1% change in x leads to B1 % change in y

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