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typo (thanks Liz Darnell)
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mattblackwell committed Nov 13, 2023
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2 changes: 1 addition & 1 deletion 06_linear_model.qmd
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Expand Up @@ -418,7 +418,7 @@ Here, the coefficients are slightly more interpretable:

* $\beta_1$: the marginal effect of $X_{i1}$ on predicted $Y_i$ when $X_{i2} = 0$.
* $\beta_2$: the marginal effect of $X_{i2}$ on predicted $Y_i$ when $X_{i1} = 0$.
* $\beta_3$: the change in the marginal effect of $X_{i1}$ due to a one-unit change in $X_{i2}$ **OR** the change in the marginal effect of $X_{i2}$ due to a one-unit change in $X_{i2}$.
* $\beta_3$: the change in the marginal effect of $X_{i1}$ due to a one-unit change in $X_{i2}$ **OR** the change in the marginal effect of $X_{i2}$ due to a one-unit change in $X_{i1}$.

If we add more covariates to this BLP, these interpretations change to "holding all other covariates constant."

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