Explain exactly how you interpret regression coefficients

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Explain the benefits of using natural logarithms of variables, either of Y or of the Xs, as opposed to other possible nonlinear functions, when scatterplots (or possibly economic considerations) indicate that nonlinearities should be taken into account.

Explain exactly how you interpret regression coefficients if logs are taken only of Y, only of the Xs, or of both Y and the Xs.

Reference no: EM131167932

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