Question: A log-linear Regression Specification log (bi) = 0 + 1xi + ei has the natural log of bi being regressed on values of xi. A
A log-linear Regression Specification log (bi) = 0 + 1xi + ei has the natural log of bi being regressed on values of xi. A log-linear Regression Specification log (bi) = 0 + 1xi + ei has the natural log of bi being regressed on values of xi. We need an interpretation for 1. (a) First solve for bi (b) Differentiate with respect to xi to get the marginal effect. (c) Is the marginal effect constant or does depend on something?What is the interpretation of 1 in this case
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