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.
Nick
[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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