When the predicted value of the response variable has to be found,in which of the following two models,is there a need for the standard error correction?
A)Linear and Log-log
B)Log-log and Logarithmic
C)Logarithmic and Linear
D)Log-log and Exponential

Question

Quizplus · Accepted Answer

In the Log-log and Exponential models, there is a need for standard error correction when finding the predicted value of the response variable. In the Log-log model, both the predictor and response variables are transformed using logarithms, which can lead to errors if proper standard error correction is not done. In the Exponential model, the response variable is transformed using an exponential function, which also requires standard error correction when predicting values.

When the Predicted Value of the Response Variable Has to Be