Suppose that the logarithm of Y is regressed on the logarithm of X, and the fitted OLS regression is log Y = 5-3 log X.

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answerhappygod
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Suppose that the logarithm of Y is regressed on the logarithm of X, and the fitted OLS regression is log Y = 5-3 log X.

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Suppose That The Logarithm Of Y Is Regressed On The Logarithm Of X And The Fitted Ols Regression Is Log Y 5 3 Log X 1
Suppose That The Logarithm Of Y Is Regressed On The Logarithm Of X And The Fitted Ols Regression Is Log Y 5 3 Log X 1 (33.24 KiB) Viewed 23 times
Suppose that the logarithm of Y is regressed on the logarithm of X, and the fitted OLS regression is log Y = 5-3 log X. Suppose that we define a new regressor X = 10X, and run another OLS regression of $log Y on log X". Select the correct statement(s). The new slope coefficient is -3. The new slope coefficient is less than -3. The new intercept is less than 5. The new intercept is greater than 5. The new intercept is 5. The new slope coefficient is greater than -3. O stv
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