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Author Question: The interpretation of the slope coefficient in the model ln(Yi) = 0 + 1Xi + ui is as ... (Read 58 times)

schs14

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on: Jun 29, 2018
The interpretation of the slope coefficient in the model ln(Yi) = 0 + 1Xi + ui is as follows:

Question 2

To decide whether Yi = 0 + 1X + ui or ln(Yi) = 0 + 1X + ui fits the data better, you cannot consult the regression R2 because


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ergserg

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Reply #1 on: Jun 29, 2018
Answer to Question 1



Answer to Question 2



schs14

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

softEldritch

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Reply 3 on: Yesterday
Wow, this really help

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