Consider the following sample regressions for the log-log and the exponential models. a. Justify which model fits

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Consider the following sample regressions for the log-log and the exponential models.

Log-Log Exponential 2.0219 Intercept 1.8826 NA 0.0513 In(x) 0.3663 NA 0.3508 0.2922 Se 0.5187 0.6660 R2 Adjusted R2 0.45

a. Justify which model fits the data best.

b. Use the selected model to predict y for x = 20.

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Business Statistics Communicating With Numbers

ISBN: 9781259957611

3rd Edition

Authors: Sanjiv Jaggia

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Question Posted: May 08, 2019 09:55 AM

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Consider the following sample regressions for the log-log and the exponential models. a. Justify which model fits

Question:

Log-Log Exponential 2.0219 Intercept 1.8826 NA 0.0513 In(x) 0.3663 NA 0.3508 0.2922 Se 0.5187 0.6660 R2 Adjusted R2 0.4585 0.6242

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a The 2 models to evaluate are Loglog lny 0 1 lnx Expo...View the full answer

Business Statistics Communicating With Numbers

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