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You have estimated a model of two variables related such that ln(y) = 17.3 - 0.04 x If x decreases by 2 units, what is the expected change in y?
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8.

You have estimated a model of two variables related such that ln(y) = 17.3 - 0.04 x If x decreases by 2 units, what is the expected change in y?

a.) y decreases by .08 units. b.) y increases by 8 percent. c.) y increases by 4 units d.) y decreases by 8 percent.
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