A constant elasticity, or multiplicative, model the dependent variable is expressed as a product of explanatory variables raised to powers.

Name: A constant elasticity, or multiplicative, model the dependent variable is expressed as a product of explanatory variables raised to powers.
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Question

Quizplus · Accepted Answer

In a constant elasticity model, the dependent variable is expressed as a product of explanatory variables raised to powers, which reflects a multiplicative relationship between the variables.

A Constant Elasticity, or Multiplicative, Model the Dependent Variable Is