12.4. Use parameter analysis to interpret the model above for Log(Cost) as a function of Units. Your answer should be a sentence of the form ”As the explanatory variable (Variable Name) changes by (1% or 1 unit), the response variable (Variable Name) changes by (amount or percent).”
12.5. Use parameter analysis to interpret the model above for Cost as a function of Log(Units). Your answer should be a sentence of the form ”As the explanatory variable (Variable Name) changes by (1% or 1 unit), the response variable (Variable Name) changes by (amount or percent).”
12.6. Use parameter analysis to interpret the model above for Log(Cost) as a function of Log(Units). Your answer should be a sentence of the form ”As the explanatory variable (Variable Name) changes by (1% or 1 unit), the response variable (Variable Name) changes by (amount or percent).”