How do you interpret the estimated value of β 2 in the following model? 1. the mean value of ln(y) when ln(x) = 0. 2. the slope of the line representing the relationship between y and x 3. cannot be...


How do you interpret the estimated value of β 2 in the following model?




1. the mean value of ln(y) when ln(x) = 0.



2. the slope of the line representing the relationship between y and x



3. cannot be determined without more information



4. the elasticity of y with respect to x


In(y) = B1 + B2 x In(x)<br>

Extracted text: In(y) = B1 + B2 x In(x)

Jun 03, 2022
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