ECO 307 Exam #2
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Last updated 7:26 PM on 4/16/26
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5 Terms
1
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Log-Level Regression
A one unit change in X leads to a 100*B percent change in Y
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Level-Log regression
A 1% change in X leads to 1 B/100 unit change in Y
3
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Log-Log regression
A 1% change in X leads to a B% change in Y
4
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Heteroskedasticity
Fear that our OLS estimates of our standard errors will be too small.
5
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