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Let y, be yearly stock price measured in logarithm of dollar. If the analyst forecasts model as Aỹ21 = 1, it means: O a. the stock price increases from the 20th year to 21St year by 1 dollar. O b. the stock price increases from the 20th year to 21st year by 1 per cent. O c. the stock price increases from the 20th year to 21st year by 100 per cent. O d. the stock price increases from the 19th year to 20th year by 100 per cent. O e. the stock price increases from the 19th year to 20th year by 1 dollar.

Let y, be yearly stock price measured in logarithm of dollar. If the analyst forecasts model as Aỹ21 = 1, it means: O a. the stock price increases from the 20th year to 21St year by 1 dollar. O b. the stock price increases from the 20th year to 21st year by 1 per cent. O c. the stock price increases from the 20th year to 21st year by 100 per cent. O d. the stock price increases from the 19th year to 20th year by 100 per cent. O e. the stock price increases from the 19th year to 20th year by 1 dollar.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 50E
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Let y, be yearly stock price measured in logarithm of dollar. If the analyst forecasts model as Aỹ21 = 1, it means: %3D O a. the stock price increases from the 20thn year to 21st year by 1 dollar. O b. the stock price increases from the 20th year to 21st year by 1 per cent. O C. the stock price increases from the 20th year to 21st year by 100 per cent. O d. the stock price increases from the 19th year to 20th year by 100 per cent. e. the stock price increases from the 19th year to 20th year by 1 dollar.
Transcribed Image Text:Let y, be yearly stock price measured in logarithm of dollar. If the analyst forecasts model as Aỹ21 = 1, it means: %3D O a. the stock price increases from the 20thn year to 21st year by 1 dollar. O b. the stock price increases from the 20th year to 21st year by 1 per cent. O C. the stock price increases from the 20th year to 21st year by 100 per cent. O d. the stock price increases from the 19th year to 20th year by 100 per cent. e. the stock price increases from the 19th year to 20th year by 1 dollar.
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