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ln(earn) = 0 + 1.326908 (lnhours) + ... how much does predicted earnings increase, in percent, when hours worked increases by 10 percent, holding fixed
ln(earn) = 0 + 1.326908 (lnhours) + ...
how much does predicted earnings increase, in percent, when hours worked increases by 10 percent, holding fixed the other explanatory variables?
Note: questions asks hours worked increases by 10 percent while regression shows lnhours
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