Stats review and coefficient interpretation Flashcards
What happens to B0 and B1 (and their standard errors) when the DV is multiplied by 100?
B0 and its se-mulltiplied by 100
B1 and its se-multiplied by 100
What happens to B0 and B1 (and their standard errors) when the IV is multiplied by 100?
B0-nothing
B1 and its se-divided by 100
What happens to B0 and B1 (and their standard errors) when 100 is added to the IV?
B0 (but NOT its se)-add 100
B1-nothing
How to interpret coefficient when neither y nor x is logged?
1-unit change in x leads to B1 unit change in y
How to interpret B1 coefficient when x is logged, but y is not?
1% change in x leads to (B1/100) unit change in y
How to interpret B1 coefficient when y is logged, but x is not?
1-unit change in x leads to 100*B1 % change in y
How to interpret B1 coefficient when both x and y are logged?
1% change in x leads to B1 % change in y