The coefficients for logarithmically transformed explanatory variables when the dependent variable is alsologarithmically transformed should be...
The coefficients for logarithmically transformed explanatory variables when the dependent variable is alsologarithmically transformed should be interpreted as the percent change in the dependent variable for a 1% percent change in the explanatory variable. True or false
Homework Answers
Solution :
False
The coefficients for logarithmically transformed explanatory variables when the dependent variable is also logarithmically
transformed should be interpreted as the percent change in the dependent variable for a 1% percent change in
the explanatory variable .
Independent variable is a explanatory variable
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The coefficients for logarithmically transformed explanatory
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