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st: RE: Rescaling
The units of the intercept are the same
as those of the response. As I understand
it, you can restate in other units exactly
as convenience or whim dictates. No
statistical issue arises.
> Is there any way to rescale the constant in an OLS
> regression? I had to
> rescale one independent variable because the differences in
> the units of
> measurements caused huge standard errors in that variable.
> The rescaling
> solved the problem for that particular variable, but I have
> still the same
> problem of a very large coefficient and standard error for
> the intercept
> term. Is there any way to deal with this (what I would
> basically like to do
> is to multiply the constant by 1000)?
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