How to Interpreting beta or standardized regression coefficients

JDB

New Member
#1
I am comparing machinery and fish species. I am using dummy variables (0,1) for 2 variables with 3 values each. The standardized coef's make sense.

I would like to explain the standardized variables in the following way. D-CAP has about 4 times more impact than D-VPC-T (0.342/0.085) = 4.02. If that is true, how do I explain the impact of those 2 variables with the variable not shown? The same question arises for the fish species. D-YF has about 1.5 times more impact than D-Sj, so how do I compare that to the variable not shown? Am I asking the right question, or am i all wet. (I have been before)

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JDB

New Member
#2
I have read up further on this topic, and it appears I am all wet with regard to the question. It seems to be meaningless to get a standardized coef on a 0,1 categorical variable. Sorry for the post.