Dear ALL STAT listers. I am running an econometric model like Y=B0 +
B1X, where X is the index of consumer prices (CPI) and Y is the
dependent variable.
My question is very simple. Is the interpretation of the coefficient B1
like this: if CPI changes 1 percentage point then the Y variable will
change B1 units of Y.
My doubt right now is how to interpret values when the explanatory
values are indexes.
Thanks
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