Consider again the post-1950 trend in U.S. GDP we examined in Exercise 61. Here are regression output

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Consider again the post-1950 trend in U.S. GDP we examined in Exercise 61. Here are regression output and a residual plot when we use the log of GDP in the model. Is this a better model for GDP? Explain. Would you want to consider a different re-expression? If so, which one?


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Intro Stats

ISBN: 9780134668420

5th Edition

Authors: Richard D De Veaux, Paul F Velleman, David E Bock, Nick Horton

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