Multiple Choice
Given a log log model lnYi=B0B1lnXi, we interpret the results as:
A) A one unit increase in X is expected to lead to a B1 change in Yi.
B) A one unit increase in X is expected to lead to a B1% change in Yi.
C) A one unit increase in X is expected to lead to a B1/100 change in Yi.
D) A one percent increase in X is expected to lead to a B1 percent change in Yi.
Correct Answer:
Verified
Correct Answer:
Verified
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