Interpret the slope coefficient in each of the above estimated
1. y-hat = 14 + 7.34x y-hat = 3 + 25 In(x) In(y-hat) = 2 + 0.08x; se = 0.06 In(y-hat) = 2.5 + 0.48 In(x); se = 0.16 a. Interpret the slope coefficient in each of the above estimated models, when x increase by one unit in Models 1 and 3 and by 1% in Models 2 and 4. (Round your answers to 2 […]
