Question: y = 5 3 0 . 4 - 3 7 8 . 4 log ( x ) , where y is the firm's stock price
y logx where y is the firm's stock price in $ and x is the oil price perbarrel in $ Determine the type of relationship as well as the interpretation of BKeep in mind that one of the variables isin logs If this was a realistic example, what kind of firms and in which industry would experience this type of relationship with the oil price?
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