Suppose you obtain the following regression model, E[ln(y)]=98+0.65*ln(x1). What is the impact of a 100% change on y (in terms of percent, not decimal)?

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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Suppose you obtain the following regression model, E[ln(y)]=98+0.65*ln(x1). What is the impact of  a 100% change on y (in terms of percent, not decimal)?

 

 
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