Question: Consider the following four estimated models: a. Interpret the slope coefficient in each of these estimated models. b. For each model, what is the predicted

Consider the following four estimated models:

In(y) In(y)

a. Interpret the slope coefficient in each of these estimated models.
b. For each model, what is the predicted change in y when x increases by 1%, from 100 to 101?

In(y) In(y)

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Model 1 500 42x Model 2 1370 280ln x Model 3 ln 84004x Model 4ln 808ln x a The slope c... View full answer

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