You Have Estimated a Model of Two Variables Related Such

question 4

Multiple Choice

You have estimated a model of two variables related such that ln(y) = 17.3 - .04 x
If x decreases by 2 units,what is the expected change in y?

• A)y decreases by .08 units.
• B)y increases by 8 percent.
• C)y increases by 4 units
• D)y decreases by 8 percent.

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Definitions:

Economic Factors

Variables or elements that affect the financial performance and decision-making process within the economy or a specific sector, including inflation, interest rates, and unemployment.

Environmental Scanning

The process of collecting, analyzing, and using information about trends, events, and relationships within an organization's internal and external environment.

General Conditions

The overarching terms, situations, or factors that apply broadly across different contexts, often framing the environment in which specific actions or activities occur.

National Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment, measured across a country.