I have an output from a lm()
object that has ordered factors.
Residuals:
Min 1Q Median 3Q Max
-1.6584 -0.0969 0.0764 0.2637 5.0639
Coefficients:
Estimate Std. Error t value Pr(>|t|)
(Intercept) -0.27999 0.05211 -5.373 8.54e-08 ***
GenderMale 0.04547 0.01902 2.390 0.016909 *
ratings 0.57662 0.02217 26.009 < 2e-16 ***
`Cohort Level (CF)`.L -0.63261 0.05311 -11.911 < 2e-16 ***
`Cohort Level (CF)`.Q -0.38411 0.04705 -8.164 5.36e-16 ***
`Cohort Level (CF)`.C -0.19763 0.04187 -4.720 2.51e-06 ***
`Cohort Level (CF)`^4 -0.12549 0.03521 -3.564 0.000373 ***
`Cohort Level (CF)`^5 -0.04157 0.02582 -1.610 0.107621
---
Signif. codes: 0 ‘***’ 0.001 ‘**’ 0.01 ‘*’ 0.05 ‘.’ 0.1 ‘ ’ 1
Residual standard error: 0.4444 on 2245 degrees of freedom
(2544 observations deleted due to missingness)
Multiple R-squared: 0.2747, Adjusted R-squared: 0.2724
F-statistic: 121.5 on 7 and 2245 DF, p-value: < 2.2e-16
I understand that the .L
and .Q
are linear and quadratic fits, but how exactly can I interpret this data? If the equation is something like lm(retirementPay~Gender+rating+Cohort Level)
how can I interpret the effect of cohort level on retirement pay?