A model in which both the response variable and the explanatory variable have been log transformed is called a(n) ________.
A) exponential model
B) logarithmic model
C) linear model
D) log-log model

Question

Quizplus · Accepted Answer

When both variables are log transformed, the resulting model is a log-log model. This model allows for the interpretation of the slope coefficient as an elasticity, which is a useful concept in certain fields like economics.

A Model in Which Both the Response Variable and the Explanatory