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In the Following Logarithmic Regression Model β\beta 1 × 0 β\beta 1 = 6,000, Then What Is the Unit Change in Measures

Question 8

Multiple Choice

In the following logarithmic regression model, β\beta 1 × 0.01 measures the approximate unit change in E(y) when x increases. If β\beta 1 = 6,000, then what is the unit change in E(y) ?


A) 6 units
B) 600 units
C) 60 units
D) 6,000 units

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