Re: st: Rescaling

[Matt Dobra <mdobra@gmu.edu>]

Cordula,

I'm not sure if this is what you are after, but you can simply create a 
variable that contains whatever valued constant term you would like, 
include that in your regression, and use the hascons option after reg.

gen constant=1000
reg mpg weight constant, hascons

Cordula Stolberg wrote:


> Dear Statalisters,
>
> 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)?
>
> Thanks,
> Cordula
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