Example: tourism industry
Linear Regression Models with Logarithmic Transformations
can be interpreted approximately as the expected increase in Y from a 1% increase in X 3.3 Log-linear model: logYi = + Xi + i In the log-linear model, the literal interpretation of the estimated coefficient ^ is that a one-unit increase in X will produce an expected increase in logY of ^ units. In terms of Y itself, this means
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