Practical Regression: Log vs. Linear Specification Harvard Case Solution & Analysis

This is the seventh in a number of lecture notes which, if tied together into a textbook, might be entitled "Practical Regression." The objective of the notes will be to supplement the theoretical content of most statistics texts with practical advice based on almost three decades of experience of the author, joined with over one hundred years of expertise of the colleagues who have presented guidance.

As the title “Practical Regression” implies, that these notes provide assistance to performing regression in practice. This note explains the best way to select between log and linear specification. The note highlights how to interpret coefficients in a log regression and the economic interpretation of a log model. The note concludes by describing just how to choose between linear and log specifications on econometric grounds, including an explanation of the Box-Cox test.

Practical Regression Log vs. Linear Specification Case Solution

PUBLICATION DATE: June 11, 2012 PRODUCT #: KEL641-PDF-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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