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Taken from Introduction to Econometrics from Stock and Watson, 2003, p. 215: Y=B0 + B1*ln(X) + u ~ A 1% change in X is associated with a change in Y of 0.01*B1 ln(Y)=B0 + B1*X + u ~ A change in X by ...
Logarithms are a common idea today, even though we don’t use them as often as we used to. After all, one of the major uses of logarithms is to simplify computations, and computers do that just ...
Slide rules can perform the basic arithmetic operations of addition, subtraction, multiplication, and division, but they can also be marked for computing with logarithms, square and cube roots, ...
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