Hello all,
How would one acquire an Odds ratio per standard deviation (OR per SD) increase/decrease of an explanatory variable?
The link from the IBM website below explains that one may use OR per SD if the value of exp(B) is too close to 1 to be meaningful, by "simply [standardizing] the variable, so that a unit change is one standard deviation."
I am confused how this might be implemented in SPSS. Let's say I have an explanatory variable (money) in a regression model with an outcome variable (happiness) for example. If I were to follow the definition of OR per SD above, that would mean a dollar change would be a change in SD.
But what if my money variable had a standard deviation value of, say, 200. How wold I use this value as the SD in a regression model?
http://www-01.ibm.com/support/docview.wss?uid=swg21479543