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In the Model Y = β\beta 0 β\beta 1ln(x) ε\varepsilon , the Predicted Value Is = B0 + B1ln(x)

Question 46

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In the model y = β\beta 0 + β\beta 1ln(x) + ε\varepsilon , the predicted value is  In the model y =  \beta <sub>0</sub> +  \beta <sub>1</sub>ln(x)  +  \varepsilon  , the predicted value is   = b<sub>0</sub> + b<sub>1</sub>ln(x) . What is the impact of the estimated slope coefficient? A)  b<sub>1</sub> measures the approximate change in   when x increases by 1 unit. B)  b<sub>1</sub><sub> </sub>× 0.01 measures the approximate change in   when x increases by 1%. C)  b1<sub> </sub>measures the approximate change in   when x increases by 1%. D)  b<sub>1</sub> × 100 measures the approximate change in   when x increases by 1 unit. = b0 + b1ln(x) . What is the impact of the estimated slope coefficient?


A) b1 measures the approximate change in  In the model y =  \beta <sub>0</sub> +  \beta <sub>1</sub>ln(x)  +  \varepsilon  , the predicted value is   = b<sub>0</sub> + b<sub>1</sub>ln(x) . What is the impact of the estimated slope coefficient? A)  b<sub>1</sub> measures the approximate change in   when x increases by 1 unit. B)  b<sub>1</sub><sub> </sub>× 0.01 measures the approximate change in   when x increases by 1%. C)  b1<sub> </sub>measures the approximate change in   when x increases by 1%. D)  b<sub>1</sub> × 100 measures the approximate change in   when x increases by 1 unit. when x increases by 1 unit.
B) b1 × 0.01 measures the approximate change in  In the model y =  \beta <sub>0</sub> +  \beta <sub>1</sub>ln(x)  +  \varepsilon  , the predicted value is   = b<sub>0</sub> + b<sub>1</sub>ln(x) . What is the impact of the estimated slope coefficient? A)  b<sub>1</sub> measures the approximate change in   when x increases by 1 unit. B)  b<sub>1</sub><sub> </sub>× 0.01 measures the approximate change in   when x increases by 1%. C)  b1<sub> </sub>measures the approximate change in   when x increases by 1%. D)  b<sub>1</sub> × 100 measures the approximate change in   when x increases by 1 unit. when x increases by 1%.
C) b1 measures the approximate change in  In the model y =  \beta <sub>0</sub> +  \beta <sub>1</sub>ln(x)  +  \varepsilon  , the predicted value is   = b<sub>0</sub> + b<sub>1</sub>ln(x) . What is the impact of the estimated slope coefficient? A)  b<sub>1</sub> measures the approximate change in   when x increases by 1 unit. B)  b<sub>1</sub><sub> </sub>× 0.01 measures the approximate change in   when x increases by 1%. C)  b1<sub> </sub>measures the approximate change in   when x increases by 1%. D)  b<sub>1</sub> × 100 measures the approximate change in   when x increases by 1 unit. when x increases by 1%.
D) b1 × 100 measures the approximate change in  In the model y =  \beta <sub>0</sub> +  \beta <sub>1</sub>ln(x)  +  \varepsilon  , the predicted value is   = b<sub>0</sub> + b<sub>1</sub>ln(x) . What is the impact of the estimated slope coefficient? A)  b<sub>1</sub> measures the approximate change in   when x increases by 1 unit. B)  b<sub>1</sub><sub> </sub>× 0.01 measures the approximate change in   when x increases by 1%. C)  b1<sub> </sub>measures the approximate change in   when x increases by 1%. D)  b<sub>1</sub> × 100 measures the approximate change in   when x increases by 1 unit. when x increases by 1 unit.

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