(Solution Library) states: If the regression of Y on () and () is run in double-log form for the data of Problem 6, the results are as follows: In = -0.533 - 0.389
Question:
states: If the regression of Y on (
) and (
) is run in double-log form for the data of Problem 6, the results are as follows:
In
= -0.533 – 0.389 In
+0.769 In
(-3.304) (4.042)
=0.95054
F=183.582
Compare the above results with those of problem 6. Which are better? Why?
Solution:

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