How do I interpret the odds ratio of an interaction term in Conditional Logistic Regression? I am wondering what the correct interpretation of the odds ratio of an interaction term in conditional logistic regression is.
Let's say there are two independent variables A and B, as well as an interaction term (AxB). 
Coefficient of A=1, Coefficient of B=2 and Coefficient of (AxB)=3.
The odds ratio for the independent variable A would be exp(1).
The odds ratio for the independent variable B would be exp(2).
Questions:


*

*Is it correct to say that the odds ratio of (AxB) is exp(3)?

*If exp(3) is 1.5, would it be correct to interpret the odds ratio of (AxB) as: an increase in the interaction term (AxB) by one unit of measure increases the odds of "success" by a factor of 1.5?

*Or is the interpretation in question two wrong and it would be correct to say the following: A possible alternative interpretation would be that the odds ratio of the interaction term (AxB) is exp(1+3B). This could be interpreted as: if A increases by one unit, then the odds increase by a factor of exp(1+3B), which would be dependent on values of B.
Thank you.
 A: None of those interpretations are quite right. I think you have to connect a few concepts first. (Numbering ideas here that don't really relate to your own numbers there).


*

*Conditional logistic regression only differs from "ordinary" logistic regression in that the analysis is based on matches sets, so in interpreting the effects you must state what you are controlling for, or the matching in some regard. For instance, if this were a twin's analysis, you would say something like "Smoking was associated with a 2-fold difference in the odds of psychiatric disorder among twins".

*The (exponentiated) coefficient for an interaction (or product) term in a logistic regression is not an odds ratio, it is a ratio of odds ratios or an odds ratio ratio (ORR). The point is that you never observe a "difference" or "increase" in the product term without a difference in the lower level terms... so the standard interpretation doesn't apply.

*In a logistic regression model, the interpretation of an (exponentiated) coefficient term for an interaction (say between X and W) is like the following. "For a unit difference in W, the ratio of odds ratio of Y and X is $\exp(\gamma)$".
A: I will expand what I wrote on my comment and I'll correct my terminology, following AdamO.
Regarding the first question, I would answer no for two reasons: a) if $A$ or $B$ are continuous, you have to look in terms of increase in each variable if you want to talk about ratio of odds ratios; b) if $A$ and $B$ are categorical, it would only make sense if you have multiple categories (at least 4 if $A$ and $B$ are ate least dichotomous) and the ratio of odds ratio have to be interpreted in terms of the reference categories (I will talk about the categorical variables later).
With respect to the second question, if both $A$ and $B$ are continuous (as your comment indicates), I agree with your interpretation: 

an increase in the interaction term ($A \times B$) by one unit of
  measure increases the odds ratio of "success" by a factor of $1.5$.

The third question says more or less the same thing as the second one but with a reorganization of the terms. Since $A$ and $B$ are continuous I agree with you on: 

if $A$ increases by one unit, then the odds ratio increase by a factor of $\exp(_1+_3 B)$.

Regarding on the way I interpret the interaction terms, I usually begin by looking at the isolated terms to understand the effects of each variable, then I look at the interaction terms.
If both variables are continuous, I would look at sign of $_1+_3 B$ for low $B$ and for high $B$. If the signal changes it means that for low $B$ the effect of $A$ is in one direction, while for high $B$ the effect is on the opposite direction. If the sign does not change, the value of $B$ that makes $_1+_3 B$ closer to zero would mean that for that value of $B$ the effect of $A$ would be less visible, while for the value of $B$ on the "other side" of its mean, the effect of $A$ is "stronger".
If one or both variables are categorical, the interaction term has to be interpreted having in consideration the reference category of the variables, which usually makes our life hard because we will have to take in consideration the degrees of freedom of the interaction term. In general terms, if both are categorical, we would say something like the effect in the category $a_j$ of $A$ is smaller or larger among the individuals that belong to category $b_k$ of $B$.
See also other questions on interaction terms in conditional logistic regression and in logistic regression and a related question.
