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Fit a linear-log model by transforming price into a new variable, price_ln, to get the regression model: What is the correct interpretation for the resulting
Fit a linear-log model by transforming "price" into a new variable, "price_ln", to get the regression model: What is the correct interpretation for the resulting model's coefficient ? Fit a linear-log model by transforming "price" into a new variable, "price_ln", to get the regression model: What is the correct interpretation for the resulting model's coefficient ? When price increases by 1%, quantity decreases by 12.75 units When price decreases by log(1), quantity increases by 1275 units When price decreases by log(1), quantity increases by 12.75 units When price increases by 1%, quantity decreases by 1275 units
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