Consider the regression equation log = log 2.74 +0.4 log X + 1.19 log X. a. Predict the value of Y when X = 8.8 and X = 4.7. b. Interpret the meaning of the regression coefficients b and b2. a. The predicted value of Y is (Type an integer or decimal rounded to two decimal places as needed.) b. Choose the correct answer below. O A. For every decrease of one unit of Y, holding bo constant, the estimated change in log X or log X is b or b units respectively. B. Holding constant the other variables, for each one percent increase in X or X, the value of Y increases by b or b2 percent respectively. C. Holding constant the other variable, for every decrease of bo units in X or X, the value of Y increases by b or b2 units respectively. D. Holding constant the other variables, for each one percent increase in X or X, the value of Y increases by b or b2 units respectively. E. For every increase of b units of log X or b units of log X, the value of Y will increase by one unit.