Importance of independent variable in a regression model


The Difference Between Standardized and Regular Regression Coefficient

Response to the following in 200 words:

I know that a standardized regression coefficient is able to provide us with a ranking of the relative importance of each independent variable in a regression model. However, I am confused about the difference between the standardized and regular regression coefficient.

Can you help me distinguish the differences between these?

 

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Engineering Mathematics: Importance of independent variable in a regression model
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