Suppose the coefficient on Horsepower is 84. The coefficient on Miles per Gallon is 453 and the coefficient on the Interaction Term between Horsepower and Miles per Gallon is 1.2. What is the Marginal Effect for Miles per Gallon when the value of Horsepower is 200?
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Step 1
Step 1: The marginal effect for Miles per Gallon when the value of Horsepower is 200 can be calculated using the following formula: Marginal Effect = Coefficient on Miles per Gallon + (Coefficient on Interaction Term * Value of Horsepower) Show more…
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