5.2 Interpretation of Parameter Estimates
One source of complication when interpreting parameters in the logistic regression model is that they’re on the logit or log-odds scale. We need to be careful to convert them back before interpreting the terms of the original variables.
- \(\exp \left(\beta_{0}\right)=\) the odds that the success characteristic is present for an individual for which \(x=0\), i.e., at the baseline. If multiple predictors are involved, all would need to be set to 0 for this interpretation.
- \(\exp \left(\beta_{1}\right)=\) the multiplicative increase in the odds of success for every 1 unit increase in \(x\). This is similar to simple linear regression but instead of an additive change, it is a multiplicative change in rate. If multiple predictors are involved, others would need to be held fixed for this interpretation.
- If \(\beta_{1}>0\), then \(\exp \left(\beta_{j}\right)>1\), indicating a positive relationship between \(x\) and the probability and odds of the success event. If \(\beta_{j}<0\), then the opposite holds.