Good afternoon to everyone. I'm here asking help to better understand how to interpret results obtained from a poisson panel regression, in particular IRR ratios for normalized dependent variables.
These variables have been normalized with Min-Max normalization (or every feature, the minimum value of that feature gets transformed into a 0, the maximum value gets transformed into a 1, and every other value gets transformed into a decimal between 0 and 1).
These variables have been used as dependent variables, therefore IRR are referred to variables which range between 0 and 1.
How these index should interpreted therefore? I've read something like "for a unit increase in the dependent variable, the IRR is the multiplicative effect on the conditional mean", but here in my case 1 unit increase is "out of the possible scale of measurement".
Could these IRR be interpreted as a general magnitude of the effect of the dependent variable, or this is going be completely wrong?
Thanks in advance for your replies.
These variables have been normalized with Min-Max normalization (or every feature, the minimum value of that feature gets transformed into a 0, the maximum value gets transformed into a 1, and every other value gets transformed into a decimal between 0 and 1).
These variables have been used as dependent variables, therefore IRR are referred to variables which range between 0 and 1.
How these index should interpreted therefore? I've read something like "for a unit increase in the dependent variable, the IRR is the multiplicative effect on the conditional mean", but here in my case 1 unit increase is "out of the possible scale of measurement".
Could these IRR be interpreted as a general magnitude of the effect of the dependent variable, or this is going be completely wrong?
Thanks in advance for your replies.
