The Log-Log and Exponential Models, Ln(x) = β₀ + β₁ln(x)

question 114

Multiple Choice

The log-log and exponential models, ln(x) = β₀ + β₁ln(x) + ε and ln(y) = β₀ + β₁x + ε, were fit given data on y and x, and the following table summarizes the regression results. Which of the two models provides a better fit?

• A) The log-log model.
• B) The exponential model.
• C) The models are not comparable.
• D) The provided information is not sufficient to make the conclusion.

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