1] kindly tell the difference between log -linear , linear - log ,log -log and linear - linear regression . Out of all these, which is approporaite to carry out GDP regression . 2] also , is it needed to convert all the data to "ln" by typing " =ln" ,if regression is done using excel ?

1] kindly tell the difference between log -linear , linear - log ,log -log and linear - linear regression . Out of all these, which is approporaite to carry out GDP regression . 2] also , is it needed to convert all the data to "ln" by typing " =ln" ,if regression is done using excel ?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

1] kindly tell the difference between log -linear , linear - log ,log -log and linear - linear regression . Out of all these, which is approporaite to carry out GDP regression .

2] also , is it needed to convert all the data to "ln" by typing " =ln" ,if regression is done using excel ?

Expert Solution

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