Describe how estimated coefficients and other quantities from a regression equation will change when the variables are

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Describe how estimated coefficients and other quantities from a regression equation will change when the variables are scaled. Why would you want to scale the variables?

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:00 AM

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Describe how estimated coefficients and other quantities from a regression equation will change when the variables are

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When variables in a regression equation are scaled it means that they are transformed or adjusted in some way often to make them more comparable or in...View the full answer

Principles Of Econometrics

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