The interpretation of the slope coefficient in the model In(Y)=Bo+B1Xj+uj is as follows. a 1% change in X is associated with a change in Y of 0.01 B1 a change in X by one unit is associated with a B change in Y a change in X by one unit is associated with a 100 81% change in Y a 1% change in X is associated with a 1% change in Y
Added by Melanie F.
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This is a log-linear model where Y is the dependent variable, Xj is the independent variable, B0 is the intercept, B1 is the slope coefficient, and uj is the error term. Show more…
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