Interpret the relationship of lprod to lprice in short run and long run
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.6: Exponential And Logarithmic Equations
Problem 6E
Related questions
Question
Interpret the relationship of lprod to lprice in short run and long run
![D.lprod
Coef.
Std. Err.
t
p>|t|
[95% Conf. Interval]
ADJ
lprod
L1.
-1.026363
.1773207
-5.79
0.010
-1.590676
-.4620495
LR
lprice
-.4590518
.0901793
-5.09
0.015
-.7460424
-.1720611
--.
SR
lprice
Di.
.5652255
.0729919
7.74
0.004
.3329327
.7975182
LD.
.6474362
.1043657
6.20
0.008
.3152978
.9795745
L2D.
.5861788
.0911761
6.43
0.008
.2960158
8763418
L3D.
.3358008
.0766534
4.38
0.022
.0918554
.5797461
L4D.
.1757376
.0501432
3.50
0.039
.0161596
3353157
_cons
14.11954
2.368292
5.96
0.009
6.582574
21.6565](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe463b823-c0ee-435f-931f-1bb923a6755a%2F2a968553-1bcc-4301-be75-dd6c7ccff40a%2Fsla2pp_processed.png&w=3840&q=75)
Transcribed Image Text:D.lprod
Coef.
Std. Err.
t
p>|t|
[95% Conf. Interval]
ADJ
lprod
L1.
-1.026363
.1773207
-5.79
0.010
-1.590676
-.4620495
LR
lprice
-.4590518
.0901793
-5.09
0.015
-.7460424
-.1720611
--.
SR
lprice
Di.
.5652255
.0729919
7.74
0.004
.3329327
.7975182
LD.
.6474362
.1043657
6.20
0.008
.3152978
.9795745
L2D.
.5861788
.0911761
6.43
0.008
.2960158
8763418
L3D.
.3358008
.0766534
4.38
0.022
.0918554
.5797461
L4D.
.1757376
.0501432
3.50
0.039
.0161596
3353157
_cons
14.11954
2.368292
5.96
0.009
6.582574
21.6565
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Calculus For The Life Sciences
Calculus
ISBN:
9780321964038
Author:
GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:
Pearson Addison Wesley,