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The Log-Log and Exponential Models,ln(x)= β0 + β1ln(x)+ ε and (Y)=

Question 35

Multiple Choice

The log-log and exponential models,ln(x) = β0 + β1ln(x) + ε and (y) = β0 + β1x + ε,were used to 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 log-log and exponential models,ln(x) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε and (y) = β<sub>0</sub> + β<sub>1</sub>x + ε,were used to 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 log-log model. B)  The exponential model. C)  The models are not comparable. D)  The provided information is not sufficient to make the conclusion.


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

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