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

question 54

Multiple Choice

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

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