1. TRUE FALSE It's a good idea to use the natural log of Y as the dependent variable, instead of Ymeasured in levels when we suspect that the distribution of Y (measured in levels) isskewed).2. TRUE FALSE It's a good idea to use the natural log of Y as the dependent variable, instead ofY measured in levels, when the distribution of Y (measured in levels) ranges fromnegative to positive values.3. TRUE FALSE It's a good idea to use the natural log of an X variable as an independent variable,instead of X measured in levels, when we suspect the relationship between X and Yexhibits diminishing marginal returns with a turning point.4. TRUE FALSE5. TRUE FALSEIt's a good idea to use the natural log of Y as the dependent variable and the naturallog of X as an independent variable when we want to interpret B₁Models that are nonlinear in X do not suffer from omitted variable bias if we omit thenonlinear terms.

From the above given data the following solution is provided below:

Answered: 1. TRUE FALSE It's a good idea to use…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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