For the exponential model ln(y)= β₀ + β₁x + ε,if x increases by 1 unit,then E(y)changes by approximately A)β₁ × 100 percent. B)β₁ × 100 units. C)β₁ percent. D)β₁ units.

Question

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In the exponential model ln(y) = β₀ + β₁x + ε, β₁ represents the approximate percentage change in y for a one-unit increase in x, which is β₁ × 100 percent.

For the Exponential Model Ln(y)= β0 + β1x + ε,If

For the Exponential Model Ln(y)= β₀ + β₁x + ε,If