Econometrics

Elasticities in estimated linear models
Ever wondered how your estimation of a linear function relates to the elasticities of the estimated model? I always seem to forget, especially if I have taken the logarithm on one or both sides of the equation. Here are the four cases you can have:
Linear:The function has the following form (if you have more variables on the right hand side, this doesn’t change the story):The elasticity is given by:and the coefficient b is the change in Y from a unit increase in X.Loglinearand the elasticity is given… Read the rest “Elasticities in estimated linear models”
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