How to Standardize Regression Coefficients

1994/08/01 by Johan Bring · 1 voice · 3 citations
Mathematics · Economics, Econometrics and Finance · #Advanced Statistical Methods and Models #Statistical Methods and Inference #Financial Risk and Volatility Modeling

paper · doi:10.1080/00031305.1994.10476059

Abstract

Abstract In many regression studies, there is an ambition to compare the relative importance of different variables. One measure frequently used is standardized regression coefficients. The present article reveals an inconsistency in the definition of the standardized coefficients and demonstrates that if they were correctly defined, a comparison between standardized coefficients would be similar to comparing t values.

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Discussions

• I like this paper: not only does it review of all the reasons standardized coefficients are bad, actually, It also then goes on to show how test statistics can be used as measures of unique contribut [bsky, 92 points, 9 comments]

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