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Describe the appropriate interpretation of the effect of a one-unit increase in the independent variable X on the dependent variable Y for each of the
Describe the appropriate interpretation of the effect of a one-unit increase in the independent variable X on the dependent variable Y for each of the following log models. Specify the values and units for each.
a. Ln(Yi)=0.5+0.33Xi
b. Yi=2300+450ln(Xi)
c. Ln(Yi)=4.5+17 ln(Xi)
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