Type: test statistic
WDH symbol: b-fix
Primary correlate level: metric
Secondary correlate level: nonmetric
Happiness level: metric
Theoretical range: unlimited
Meaning:
Variant of usual (non-standardized) regression coefficient (b), which controls for the secondary variables, by focusing on differences from a fixed level, such as the mean in a category. Aims to reduce the residual variance and to improve the precision of the regression coefficient.
References:
Wikipedia: http://en.wikipedia.org/wiki/Fixed_effects_model
Non-technical text: http://www.jblumenstock.com/files/courses/econ174/FEModels.pdf