The regression model ln(y) = β₀ + β₁x + ε is called an exponential model.

Name: The regression model ln(y) = β 0 + β 1 x + ε is called an exponential model.
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An exponential model is a regression model in which the response variable is transformed using a natural logarithm function. The given model has a natural logarithm function applied to the response variable y, making it an exponential model.

The Regression Model Ln(y) = β0 + β1x + ε

The Regression Model Ln(y) = β₀ + β₁x + ε