The section Behind the Math: Different Logs shows that, because logs to different bases are proportional, we
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The section Behind the Math: Different Logs shows that, because logs to different bases are proportional, we can use either base-10 logs or natural logs in regression when estimating elasticity. The estimated elasticity is the same. Are the r2 and se the same as well?
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780134497167
3rd Edition
Authors: Robert A. Stine, Dean Foster
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