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st: RE: Rescaling

From   "Nick Cox" <[email protected]>
To   <[email protected]>
Subject   st: RE: Rescaling
Date   Mon, 9 Aug 2004 18:03:32 +0100

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. 

[email protected] 

Cordula Stolberg
> 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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