For the logarithmic model ln(y)= β₀ + β₁ln(x)+ ε,the predicted value of y is computed by _______________.

Question

Quizplus · Accepted Answer

The predicted value of y is calculated as e^(ln(y)), which is equal to y. Therefore, the answer should be in the format of y = some value. The expression given in option B is in the correct format of y = some value, whereas the other options have incorrect values or expressions.

For the Logarithmic Model Ln(y)= β0 + β1ln(x)+ ε,The Predicted

For the Logarithmic Model Ln(y)= β₀ + β₁ln(x)+ ε,The Predicted