Question: y = 5 3 0 . 4 - 3 7 8 . 4 log ( x ) , where y is the firm's stock price

y =530.4-378.4 log(x), 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 B*1.Keep 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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