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B. Estimate a semi-log model in which the natural log of the price of the Scotch whisky is the dependent variable and age is the

B. Estimate a semi-log model in which the natural log of the price of the Scotch whisky is the dependent variable and age is the explanatory variable. What is the interpretation of the estimated coefficient on age from this regression?\ C. Estimate a double log model in which the natural

log

of the price of the Scotch whisky is the dependent variable and natural log of the age is the explanatory variable. What is the interpretation of the estimated coefficient on

ln

(age) from this regression?

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B. Estimate a semi-log model in which the natural log of the price of the Scotch whisky is the dependent variable and age is the explanatory variable. What is the interpretation of the estimated coefficient on age from this regression? C. Estimate a double log model in which the natural log of the price of the Scotch whisky is the dependent variable and natural log of the age is the explanatory variable. What is the interpretation of the estimated coefficient on In(age) from this regression

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