Hey!
I would like to ask you to help me how to correctly interpret the results of logistic regression test. I have 3 predictor variables, namely age, following politics and left-right self placemenet. The outcome variable is "bulding a new shopping mall in a town" (coded as 0 disagree and 1 agree).
Odds ratio of age is 0.85, following politics is 1.20 and left-right self placement is 1.05. I would interpret these results as follows:
if citizens’ age increases by one unit (one year), their odds of supporting the bulding of shopping mall (as opposed to not support the building of shopping mall) are 0.85 times lower (OR if citizens' age increases by one unit (one year), they are 0.85 times less likely to support the building of shopping mall)
if citizens’ following politics increases by one unit, their odds of supporting the bulding of shopping mall (as opposed to not support the building of shopping mall) are 1.20 times higher (OR if citizens' following politics increases by one unit, they are 1.20 times more likely to support the building of shopping mall)
if citizens’ left-right self placement increases by one unit, their odds of supporting the bulding of shopping mall (as opposed to not support the building of shopping mall) are 1.05 times higher (OR if citizens' left-right self placement increases by one unit, they are 1.05 times more likely to support the building of shopping mall)
In the extant literature I found both interpretations but I am still not sure whether they are appropriate. Are my interpretations correct (both of them)? I really appreciate your help
Thank you