I am showing to a smart, but not technically inclined, audience Odds Ratio. I am comparing one variable's Odd Ratio to another in the process. If there is a simple way to show/explain what the odd ratio is I would love to know it. I have worked a long time looking for one....
For example if a dummy variable (nearly all are variables are dummy although a few are days and some spending in dollars) has an odds ratio of 1.4 and another 1.9 what does that actually mean and how could you compare them.
For example if a dummy variable (nearly all are variables are dummy although a few are days and some spending in dollars) has an odds ratio of 1.4 and another 1.9 what does that actually mean and how could you compare them.