I fit a Poisson regression model where I used $x$ and $x^2$ to predict $y$.
Let's say the coefficients of $x$ and $x^2$ are $\beta_1 = 0.8$ and $\beta_2 = -0.1$.
Exponentiating the coefficient (${\beta_1}$) gives us the multiplicative factor by which the mean count changes when we increase $x$ by one unit: $e^{\beta_1}$ = 2.23. So increasing x by one unit changes the mean of $y$ by a factor of 2.23. This factor is constant over all $x$.
According to this answer, "$e^{\beta_2}$ would be called a ratio of ratio of rates comparing groups differing by 1 unit differing by 1 unit of $X$."
I tried this out with a toy example below with the parameters from above (${\beta_1} = 0.8$ and ${\beta_2} = -0.1$) and indeed the ratio is not constant because of the nonlinear term but the ratio of the ratio is constant. But the ratio of ratios is not equal to $e^{\beta_2}$ but to $e^{(2\beta_2)}$. I think this relates to this part of the referenced answer above "But if you do a difference in differences for $(E[Y|X=x+2] - E[Y|X=x+1]) - (E[Y|X=x+1] - E[Y|X=x]) = 2\beta_2$. So basically the $\beta_1$ is the tangent slope of the quadratic curve at the origin, and $\beta_2$ is a quadratic slope."
With all this, I am not quite sure how to interpret a one-unit change of $x$ on the mean of $y$. Would it be correct to say that for each unit increase in $x$, the linear term ${\beta_1}$ changes the mean of $y$ by a factor of 2.23 while the nonlinear term ${\beta_2}$ leads to a decrease of this factor by $e^{(2\beta_2)}$ = 0.8187 for each increase in $x$. I don't think this is correct because the effect is dependent on the value of $x$.
Is there a way to express the effect on a one-unit increase in $x$ on the mean of $y$ that is independent of $y$ or is this not possible?
And if this is not possible, what is the correct way to specify a change from let's say $x = 1$ to $x = 2$ for this toy example? "Increasing $x$ from 1 to 2 increases the mean of $y$ by a factor of 1.6487"?
x | predicted y | ratio | ratio of ratio |
---|---|---|---|
0 | 1 | ||
1 | 2.01375271 | 2.01375271 | |
2 | 3.32011692 | 1.64872127 | 0.81873075 |
3 | 4.48168907 | 1.34985881 | 0.81873075 |
4 | 4.95303242 | 1.10517092 | 0.81873075 |
5 | 4.48168907 | 0.90483742 | 0.81873075 |