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Consider the folowing models.

Consider the folowing models.

MATLAB: An Introduction with Applications
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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Consider the folowing models. Model 1: y = Bo + B1a +u Model 2: log(y) = Bo+ Bia + u Which sentence is correct. The two models aim to answer different research questions O Bi is interpreted differently in the two models O Model 1 and model 2 are equivalent If I estimate both models and plot the fitted values on a graph with y in the y-axis and x on the x-axis, then I will obtain 2 different straight lines
Transcribed Image Text:Consider the folowing models. Model 1: y = Bo + B1a +u Model 2: log(y) = Bo+ Bia + u Which sentence is correct. The two models aim to answer different research questions O Bi is interpreted differently in the two models O Model 1 and model 2 are equivalent If I estimate both models and plot the fitted values on a graph with y in the y-axis and x on the x-axis, then I will obtain 2 different straight lines
Expert Solution
Step 1

One model is least square model, while the other one is Logistic model.

 

Least square model:

Statistics homework question answer, step 1, image 1

Logistic Model:

Statistics homework question answer, step 1, image 2

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