Regression coefficients are estimates of the unknown population parameters and describe the relationship between a predictor variable and the response. In linear regression, coefficients are the values that multiply the predictor values. Suppose you have the following regression equation: y = 3X + 5. In this equation, +3 is the coefficient, X is the predictor, and +5 is the constant.
The sign of each coefficient indicates the direction of the relationship between a predictor variable and the response variable.
- A positive sign indicates that as the predictor variable increases, the response variable also increases.
- A negative sign indicates that as the predictor variable increases, the response variable decreases.
The coefficient value represents the mean change in the response given a one unit change in the predictor. For example, if a coefficient is +3, the mean response value increases by 3 for every one unit change in the predictor.
Synonyms:
Coefficients