The logarithmic and log-log models,y = β₀ + β₁ln(x)+ ε and ln(y)= β₀ + β₁ ln(x)+ ε,were used to fit given data on y and x,and the following table summarizes the regression results.Which of the two models provides a better fit? A) The logarithmic model. B) The log-log model. C) The models are not comparable. D) The provided information is not sufficient to make the conclusion.

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The Answer of The logarithmic and log-log models,y = β₀ + β₁ln(x)+ ε and ln(y)= β₀ + β₁ ln(x)+ ε,were used to fit given data on y and x,and the following table summarizes the regression results.Which of the two models provides a better fit? A) The logarithmic model. B) The log-log model. C) The models are not comparable. D) The provided information is not sufficient to make the conclusion.

The Logarithmic and Log-Log Models,y = β0 + β1ln(x)+ ε

The Logarithmic and Log-Log Models,y = β₀ + β₁ln(x)+ ε