(Round all intermediate calculations to at least 4 decimal places.) Consider the

Question

(Round all intermediate calculations to at least 4 decimal places.) Consider the following estimated models: Model 1:-14+7.34x Model 2: 3.00+25 In(x) Model 3: In() = 2.0 + 0.08x, se = 0.06 Model 4: In() = 2.5 + 0.48 ln(x), se-016 a. Interpret the slope coefficient in each of the above estimated models, when x increases by one unit in Models 1 and 3 and by 1% in Models 2 and 4 (Round your answers to 2 decimal places.) Model 1: yl increases Model 2 increases Model 3: increases Model 4: increases by units. by about by about by about units. percent percent b. For each model, what is the predicted change in y when x increases by 6%, from 10 to 10.62(Round your answers to 2 decimal places.) Model 1 increasesby Model 2: increases by Model 3: increases odel 4: increasesby units. units. percent. percent. by

Explanation / Answer

a) Model 1: increases by 7.34
Model 2: decrease by 115.129
Model 3: increase by 1.08328
Model 4: increase by 0.10964

b) Model 1: increases by 0.4404
Model 2: decrease by 2.8134
Model 3: increase by 1.0048
Model 4: increase by 0.25913

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