To explain personal consumption (CONS) measured in dollars,data is collected for A regression analysis was performed with CONS as the dependent variable and log(CRDTLIM) ,ln(APR) ,log(ADVT) and GENDER as the independent variables.The estimated model was = 2.28 * 0.29 log(CRDTLIM) + 5.77 llogAPR) + 2.35 log(ADVT) + 0.39 GENDER
AU: Please advise if 'llogAPR' is 'logAPR'.
What is the correct interpretation for the estimated coefficient for GENDER?
A) Holding the effect of the other independent variables constant, mean personal consumption for males is estimated to be $0.39 higher than females.
B) Holding the effect of the other independent variables constant, mean personal consumption for females is estimated to be 0.39% higher than males.
C) Holding the effect of the other independent variables constant, mean personal consumption for males is estimated to be 0.39% higher than females.
D) Holding the effect of the other independent variables constant, mean personal consumption for females is estimated to be $0.39 higher than males.
Correct Answer:
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