Answer Happy

Econometrics
7. Soru 6.25 Puan The data set in ceosal2.csv contains information on chief executive officers for U.S. corporations. The variable salary is annual compensation, in thousands of dollars, and salary is firm sales, millions dollars, Estimate the simple regression model: log(salary)=B+8₁. log(sales)+u.. Which one is correct for the interpretation of the slope coefficient? A) Controlling for other factors a one percent increase in sales rises the predicted CEO salary by 0.22 percent Holding other factors fixed, a one million dollar increase in sales increases predicted salary by 400108 dollars C) Holding for other factors fixed, a one percent increase in sales leads to a 22 43 percent increase in the predicted CEO salary D) Ceteris paribus an additional one million increase in sales increases the predicted CEO salary by 22.43 percent approximately