Interpreting Regression Coefficient: Wish I Had Known This Before

An intuitive explanation of the regression estimator

In case you have taken an introductory applied econometrics/statistics/data science course, you must be familiar with the interpretation of the coefficient of a predictor in a linear model estimated using regression. Today, I am going to share an intuitive example to highlight the fact that — just like this author — you (probably) passed the introductory course/courses with a misunderstanding of the coefficient of interest.

**This …

data analysis data analytics data science regression regression-analysis