[Answered] The interpretation of the slope coefficient in the model ln(Yi) = 0 + 1Xi + ui is as ...

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Author Question: The interpretation of the slope coefficient in the model ln(Yi) = 0 + 1Xi + ui is as ... (Read 113 times)

schs14

Hero Member
Posts: 569

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

Sr. Member
Posts: 338

Reply #1 on: Jun 29, 2018

Answer to Question 1

Answer to Question 2

schs14

Member
Posts: 569

Reply 2 on: Jun 29, 2018

YES! Correct, THANKS for helping me on my review

bdobbins

Member
Posts: 326

Reply 3 on: Yesterday

Great answer, keep it coming

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