A coworker is considering the use of a log linear (power) model using weight to estimate the cost of a missile engine. They have performed the following calculations in log space using natural...

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Answered Same DayDec 25, 2021

Answer To: A coworker is considering the use of a log linear (power) model using weight to estimate the cost of...

David answered on Dec 25 2021
120 Votes
The relevant model here is the power model.
Thus, the equation would be of the following form
C
ost = bo weight
b1
As per the data provided, bo = e
0.229321 = 0.795073
While b1 = 1.109438
Hence, the correct equation in this case would be
Cost = 0.795073* Weight1.109438
Thus, the...
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