Linear Models
Know
A coefficient is the expected change in output per unit change in that feature, holding others fixed. Regularisation penalises large coefficients to discourage fitting noise.
Apply
Interpret coefficients in the units of the problem, and use regularisation when features are many or correlated.
Watch out
Interpreting a coefficient causally. It describes an association under the model, not a cause.
Study move
Interpret two coefficients from a fitted model in plain language with units.
