How to Interpret Statistical Models Using marginaleffects for R and Python

The parameters of a statistical model can sometimes be difficult to interpret substantively, especially when that model includes nonlinear components, interactions, or transformations. Analysts who fit such complex models often seek to transform raw parameter estimates into quantities that are easier for domain experts and stakeholders to understand. This article presents a simple conceptual framework to describe a vast array of such quantities of interest, which are reported under imprecise and inconsistent terminology across disciplines: predictions, marginal predictions, marginal means, marginal effects, conditional effects, slopes, contrasts, risk ratios, etc. We introduce marginaleffects, a package for R…