The Coefficients for Logarithmically Transformed Explanatory Variables Should Be Interpreted

question 65

True/False

The coefficients for logarithmically transformed explanatory variables should be interpreted as the percent change in the dependent variable for a 1% percent change in the explanatory variable.

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Definitions:

Last Call

Often used in the context of bars or drinking establishments, indicating the final opportunity to order drinks before closing.

Attribution

The process of explaining the causes of behavior and events, often by attributing them to personal dispositions, situations, or a combination of both.

Infer About Causes

Deduce or conclude information regarding the origins or reasons behind certain events or conditions.

Self-Fulfilling Prophecy

A belief or expectation that influences one's behavior in a way that causes the belief to become true.