The Logarithmic and Log-Log Models, Y = β₀ + β₁ln(x)

question 12

Multiple Choice

The logarithmic and log-log models, y = β₀ + β₁ln(x) + ε and ln(y) = β₀ + β₁ ln(x) + 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 logarithmic model.
• B) The log-log model.
• C) The models are comparable.
• D) The provided information is not sufficient to make the conclusion.

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Definitions:

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information to and from all parts of the body.

Axons

Long, threadlike parts of a nerve cell along which impulses are conducted from the cell body to other cells.

Sympathetic Nervous

Part of the autonomic nervous system that activates the "fight or flight" response during perceived threats.

Somatic Nervous

The part of the peripheral nervous system that handles voluntary control of body movements through the control of skeletal muscles and also mediates sensory information from the external environment.