Functional Form Summary

Functional Form Summary - Summary of Different Functional...

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Functional Form Y = β 0 + β 1 X ln Y = β 0 + β 1 ln X Y = β 0 + β 1 ln X ln Y = β 0 + β 1 X Economic Meaning As X increases 1 unit , Y increases/decreases β 1 units As X increases 1 % , Y increases/decreases β 1 % As X increases 1 % , Y increases/decreases
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This note was uploaded on 05/12/2011 for the course FIN 300 taught by Professor Wang during the Spring '11 term at UChicago.

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