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    Business Statistics Communicating with Numbers Study Set 1
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    Exam 16: Regression Models for Nonlinear Relationships
  5. Question
    For the Exponential Model Ln(y)= β<Sub>0</sub> + β<Sub>1</sub>x + ε,If
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For the Exponential Model Ln(y)= β0 + β1x + ε,If

Question 43

Question 43

Multiple Choice

For the exponential model ln(y) = β0 + β1x + ε,if x increases by 1 unit,then E(y) changes by approximately


A) β1 × 100 percent.
B) β1 × 100 units.
C) β1 percent.
D) β1 units.

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