Examples of Transformations
Equation:
Meaning: A unit increase in X is associated with an average of b units increase in Y.
Equation: (From exponentiating both sides of the equation: )
Meaning: A unit increase in X is associated with an average of 100b% increase in Y.
Equation:
Meaning: A 1% increase in X is associated with an average b/100 units increase in Y.
Equation: (From taking the log of both sides of the equation: )
Meaning: A 1% increase in X is associated with a b% increase in Y.
Read more about this topic: Data Transformation (statistics)
Famous quotes containing the words examples of and/or examples:
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“It is hardly to be believed how spiritual reflections when mixed with a little physics can hold people’s attention and give them a livelier idea of God than do the often ill-applied examples of his wrath.”
—G.C. (Georg Christoph)