Question: When regressing In(y) on In(x), the regression coefficient measures the marginal impact of x on y the percentage change in y given a unit change

When regressing In(y) on In(x), the regression coefficient measures the marginal impact of x on y the percentage change in y given a unit change in x the percentage change in y due to a percentage change in x the marginal impact of a percentage change in x on y
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
