Question: Log-Log Model. Assume we have an estimated Log-Log model with an estimated intercept of 2.2 and an estimated slope of 1.3. ^in(y) = 2.2+1.3ln(x) Assume
Log-Log Model. Assume we have an estimated Log-Log model with an estimated intercept of 2.2 and an estimated slope of 1.3. ^in(y) = 2.2+1.3ln(x) Assume 9 is within the range for the explanatory variable. What the the predicted value of the median response y when the value of the explanatory variables is 9? Hint: We are referring to the natural log transformation here for both the response and the explanatory variable. Keep at least 3 decimal places for each part of your calculation
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