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ln(earn) = 0 + 1.326908 (lnhours) how much does predicted earnings in increase, in percent, when hours worked increases by 10 percent, holding fixed the
ln(earn) = 0 + 1.326908 (lnhours)
how much does predicted earnings in increase, in percent, when hours worked increases by 10 percent, holding fixed the other explanatory variables?
when I run regression for hours instead of ln hours the coefficient is: 0.25434
If you could also briefly explain how to solve such questions.
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