In an exponential regression model, the exact percentage of change can be calculated as: (exp($\beta$₁) - 1) × 100. If $\beta$₁ = 0.25, what is the percent increase in E(y)? A) 25% B) 28% C) 75% D) 22%

Question

Quizplus · Accepted Answer

The percent increase in E(y) is calculated as (exp(0.25) - 1) × 100. Using a calculator, exp(0.25) ≈ 1.284, so the percent increase is approximately (1.284 - 1) × 100 = 28.4%, which rounds to 28%.

In an Exponential Regression Model, the Exact Percentage of Change β\betaβ

In an Exponential Regression Model, the Exact Percentage of Change $\beta$