Allstaters
A project I am working on is looking at the "relative importance" of input
variables in helping to predict an output variable using linear regression.
I was wondering about the viability of the following method.
Scale all the input variables by z-score, perform the regression, then
the "relative importance" can be read off from the size of the beta co-
efficients. Would anyone have any comments on this method or be able to
recommend something better.
Ideally the project requires output of the following
Var X is the most important, which is 2.5 times more important than Vay Y.
Regards
PS I use the word important in the sense of best predictor
Thanks Siobhan
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