Interpreting parallel slopes coefficients
For linear regression with a single numeric explanatory variable, there is an intercept coefficient and a slope coefficient. For linear regression with a single categorical explanatory variable, there is an intercept coefficient for each category.
In the "parallel slopes" case, where you have a numeric and a categorical explanatory variable, what do the coefficients mean?
taiwan_real_estate
and mdl_price_vs_both
are available.
This exercise is part of the course
Intermediate Regression with statsmodels in Python
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
