Solved

For the Log-Log Model Ln(y) = β0 + β1ln(x)

Question 49

Multiple Choice

For the log-log model ln(y) = β0 + β1ln(x) + ε, the predicted value of y is computed as ________.


A) For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) = b0 + b1x
B) For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) = exp(b0 + b1ln(x) + For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) /2)
C) For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) = b0 + b1ln(x)
D) For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) = exp(b0 + b1x + For the log-log model ln(y) = β<sub>0</sub> + β<sub>1</sub>ln(x) + ε, the predicted value of y is computed as ________. A) = b<sub>0</sub> + b<sub>1</sub>x B) = exp(b<sub>0</sub> + b<sub>1</sub>ln(x) + /2) C) = b<sub>0</sub> + b<sub>1</sub>ln(x) D) = exp(b<sub>0</sub> + b<sub>1</sub>x + /2) /2)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q44: What R function is used to fit

Q45: Typically, the sales volume declines with an

Q46: Typically, the sales volume declines with an

Q47: The coefficient of determination R2 cannot be

Q48: What does a positive value for price

Q50: For the logarithmic model ln(y) = β0

Q51: A model with one explanatory variable that

Q52: Typically, the sales volume declines with an

Q53: A model in which the response variable

Q54: When the predicted value of the response

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents