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Re: st: Fwd: How to interpret regression?
From
Maarten Buis <[email protected]>
To
[email protected]
Subject
Re: st: Fwd: How to interpret regression?
Date
Tue, 25 Sep 2012 16:35:25 +0200
On Tue, Sep 25, 2012 at 3:57 PM, Joerg Luedicke wrote:
> In any case, I find it hard to see why you would include wealth
> as a continuous variable and a categorical version of wealth in the
> same model.
In that case you'll get a step function with a slope, which is not
necessarily wrong but often hard to justify. If that appeals to
someone, than a linear spline will probably appeal to such a person
even more, especially since a linear spline often makes much more
sense. See -help mkspline-.
-- Maarten
---------------------------------
Maarten L. Buis
WZB
Reichpietschufer 50
10785 Berlin
Germany
http://www.maartenbuis.nl
---------------------------------
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