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Mathematics, 14.05.2021 23:00 nakeytrag
In order to obtain a linear relationship between predictor and response variable, you had to transform the response variable (Y) using a natural log transformation. After running the regression your estimate of the slope is 0.30011. Because you transformed the response variable the slope is no longer the change in Y, measured in the original units, per unit change in the predictor X. Using a simple mathematical expression you can still interpret the slope. Following the expression used in the lecture, the correct interpretation is now that this is a change in Y per unit change in X. And the value of this change is
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