Multiple Choice
The interpretation of the slope coefficient in the model ln(Yi) = β0 + β1Xi + ui is as follows:
A) a 1% change in X is associated with a β1 % change in Y.
B) a change in X by one unit is associated with a 100 β1 % change in Y.
C) a 1% change in X is associated with a change in Y of 0.01 β1.
D) a change in X by one unit is associated with a β1 change in Y.
Correct Answer:
Verified
Correct Answer:
Verified
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