In the following logarithmic regression model, $\beta$₁ × 0.01 measures the approximate unit change in E(y) when x increases. If $\beta$₁= 11,500, then what is the unit change in E(y)? A) 11.5 units B) 1,150 units C) 115 units D) 11,500 units

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The Answer of In the following logarithmic regression model, $\beta$₁ × 0.01 measures the approximate unit change in E(y) when x increases. If $\beta$₁= 11,500, then what is the unit change in E(y)? A) 11.5 units B) 1,150 units C) 115 units D) 11,500 units

In the Following Logarithmic Regression Model β\betaβ 1 × 0 β\betaβ 1 = 11,500, Then What Is the Unit Change in Measures

In the Following Logarithmic Regression Model $\beta$ ₁ × 0 $\beta$ ₁= 11,500, Then What Is the Unit Change in Measures