In the following logarithmic regression model, $\beta$₁ × 0.01 measures the approximate unit change in E(y) when x increases. If $\beta$₁= 6,000, then what is the unit change in E(y)? A) 6 units B) 600 units C) 60 units D) 6,000 units

Question

Quizplus · Accepted Answer

The unit change in E(y) when x increases by one unit in a logarithmic regression model is given by the coefficient multiplied by 0.01. Since the coefficient is 6,000, the unit change in E(y) is 6,000 × 0.01 = 60 units.

In the Following Logarithmic Regression Model β\betaβ 1 × 0 β\betaβ 1 = 6,000, Then What Is the Unit Change in Measures

In the Following Logarithmic Regression Model $\beta$ ₁ × 0 $\beta$ ₁= 6,000, Then What Is the Unit Change in Measures