The coefficients for logarithmically transformed explanatory variables should be interpreted as the percent change in the dependent variable for a 1% percent change in the explanatory variable.

Question

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The coefficients for logarithmically transformed explanatory variables should be interpreted as the percent change in the dependent variable for a 1 unit change in the explanatory variable, not a 1% change.

The Coefficients for Logarithmically Transformed Explanatory Variables Should Be Interpreted