The Log-Log and Exponential Models,ln(x)= β₀ + β₁ln(x)+ ε and (Y)=

question 35

Multiple Choice

The log-log and exponential models,ln(x) = β₀ + β₁ln(x) + ε and (y) = β₀ + β₁x + 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 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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