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The Linear and Logarithmic Models, Y = β0 + β1x

Question 18

Multiple Choice

The linear and logarithmic models, y = β0 + β1x + ε and y = β0 + β1 ln(x) + ε, were fit given data on y and x, and the following table summarizes the regression results. Which of the two models provides a better fit? The linear and logarithmic models, y = β<sub>0</sub> + β<sub>1</sub>x + ε and y = β<sub>0</sub> + β<sub>1</sub> ln(x) + ε, were fit given data on y and x, and the following table summarizes the regression results. Which of the two models provides a better fit? A) The linear model. B) The logarithmic model. C) The models are not comparable. D) The provided information is not sufficient to make the conclusion.


A) The linear model.
B) The logarithmic model.
C) The models are not comparable.
D) The provided information is not sufficient to make the conclusion.

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