I have a multiple regression equation that reads as follows:
ln10(DV) = 0.437 + 0.394(ln10(IV_1)) + 0.061(IV_2) - 0.145(IV_3)
I performed the ln10 transformations for the DV and for IV_1 to get around heavy skewness in the original data. The ln10 transformed data is normally distributed.
IV_2 is a principal component (which hasn't been transformed)
IV_3 is a variable that represents 0 = "disagree" and 1 = "agree"
The ln10 transformation helped me to perform the regression but I'm now struggling to interpret what this means in practical terms, all help appreciated!
(The model is significant, but has a fairly modest R^2 of .33)
log10(DV) = 0.437 + 0.394(log10(IV_1)) + 0.061(IV_2) - 0.145(IV_3)
[IV_1 is log10 transformed, IV_2 is an untransformed principal component, IV_3 is the dummy variable)
becomes
ln(DV) = 1.006 + 0.907(ln(IV_1)) + 0.140(IV_2 * 2.303) - 0.333(IV_3 * 2.303)
Then
• For IV_2 and IV_3. Exponentiate the coefficient, subtract one from this number, and multiply by 100. Interpret the DV in terms of percentages. • For IV_1, interpret the coefficient as the percent increase in the dependent variable for every 1% increase in the independent variable.
– Sam Leak Apr 09 '21 at 08:01And finally, what does the R^2 value mean when the model is predicting a ln10 DV?
– Sam Leak Apr 09 '21 at 08:02