Question #37925

2. It is often the case in economic models that we estimate models using the log of the key variables. Re-estimate the model using the following model:

a. Log(food expenditure) = a + b* Log(Income)

b. Compare the results you get with this method and the other methods you have tried. How are the coefficients the same or different?

a. Log(food expenditure) = a + b* Log(Income)

b. Compare the results you get with this method and the other methods you have tried. How are the coefficients the same or different?

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