1. Reciprocal transformation 2. Opposite of log transformation 3. Slope estimates elasticity 4. 1% increase in x...
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2. Opposite of log transformation
3. Slope estimates elasticity
4. 1% increase in x
5. Approaches b0 as x gets large
6. Random variation
7. Diminishing marginal return
8. Pattern unsuited to log or reciprocal transformations
9. Negative, nonlinear association
10. Linear pattern
(a) log y = b0 + b1 log x
(b) 1.01x
(c) exp (x)
(d) 1 / y
(e) y = b0 + b1 1 / x
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Related Book For
Statistics For Business Decision Making And Analysis
ISBN: 9780321890269
2nd Edition
Authors: Robert Stine, Dean Foster
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