Dear Members,
I hope you are getting ready for a nice weekend.
I am trying to analyse my regression results and I need to interpret the economic magnitude of specific independent variable in terms of its standard deviation.
For example: Y = a + bX + u
In general, one can say that when X increases by one unit, Y is expected to increase by 'b' value.
Alternatively, one can say that when X increases by one standard deviation, Y is expected to increase by 'some' value.
How to obtain this 'some' value in Stata?
I appreciate your suggestions.
Thank you,
Mustafa
I hope you are getting ready for a nice weekend.
I am trying to analyse my regression results and I need to interpret the economic magnitude of specific independent variable in terms of its standard deviation.
For example: Y = a + bX + u
In general, one can say that when X increases by one unit, Y is expected to increase by 'b' value.
Alternatively, one can say that when X increases by one standard deviation, Y is expected to increase by 'some' value.
How to obtain this 'some' value in Stata?
I appreciate your suggestions.
Thank you,
Mustafa
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