ch0RedefiningVariables(计量经济学ProfAnderson)资料.pptVIP

Economics 20 - Prof. Anderson Redefining Variables Changing the scale of the y variable will lead to a corresponding change in the scale of the coefficients and standard errors, so no change in the significance or interpretation Changing the scale of one x variable will lead to a change in the scale of that coefficient and standard error, so no change in the significance or interpretation Beta Coefficients Occasional you’ll see reference to a “standardized coefficient” or “beta coefficient” which has a specific meaning Idea is to replace y and each x variable with a standardized version –