Given a Log Log Model LnY_i=B₀B₁lnX_i, We Interpret the Results

question 14

Multiple Choice

Given a log log model lnY_i=B₀B₁lnX_i, we interpret the results as:

• A) A one unit increase in X is expected to lead to a B₁ change in Y_i.
• B) A one unit increase in X is expected to lead to a B₁% change in Y_i.
• C) A one unit increase in X is expected to lead to a B₁/100 change in Y_i.
• D) A one percent increase in X is expected to lead to a B₁ percent change in Y_i.

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