Hi,
Just a quick question. My dependent variable is binary and i'm using logistic regression. When calculating the marginal effects at the mean for example and interpreting them - a coefficient on education for example would be -0.02. So this can be interpreted as for example 'an extra year of education reduces the probability of poor health by -0.02.' Could I also say this in percentages to make it more intuitive: 'an extra year of education reduces the probability of poor health by 2%'
Many thanks!
Just a quick question. My dependent variable is binary and i'm using logistic regression. When calculating the marginal effects at the mean for example and interpreting them - a coefficient on education for example would be -0.02. So this can be interpreted as for example 'an extra year of education reduces the probability of poor health by -0.02.' Could I also say this in percentages to make it more intuitive: 'an extra year of education reduces the probability of poor health by 2%'
Many thanks!
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