We should include an interaction variable in a regression model if we believe that the effect of one explanatory variable on the response variable Y depends on the value of another explanatory variable .

Question

We should include an interaction variable in a regression model if we believe that the effect of one explanatory variable  on the response variable Y depends on the value of another explanatory variable  .

Quizplus · Accepted Answer

Including an interaction variable allows us to account for the scenario where the effect of one explanatory variable on the response variable depends on the value of another explanatory variable.

We Should Include an Interaction Variable in a Regression Model