The interpretation of the slope coefficient in the model ln(Yi) = ...

[schs14]

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

[ergserg]

Answer to Question 1



Answer to Question 2

[schs14]

YES! Correct, THANKS for helping me on my review

[Animal_Goddess]

Thanks for the timely response, appreciate it