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Suppose I have a Ordinary Least Squares model of this form:

$Y = \beta_0 + \beta_1 X_1 + \beta_2 X_2 + \beta_3 X_1*X_2$

What would be an interpretation for the coefficient $\beta_3$? (Suppose that $X_1$ & $X_2$ are not binary)

For example:

$Y$ = price of house
$X_1$ = squared meters of the property
$X_2$ = number of bathrooms

Pitouille
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Wizard74
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  • Please search this site for [interaction](https://stats.stackexchange.com/search?q=interaction+interpret*). – whuber Nov 30 '21 at 17:28

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