Math Problem Statement
We realize the following relationship exists between dependent and independent variables: y = a bx.
To be able to fit a linear regression model, we transform the function and get the following linear function y*= b0 + b1 x.
After determining what transformation was used, answer the following questions. What is the value of b1?
Group of answer choices
exp(b)
1/b
b
Ln(b)
Solution
The given relationship is , which is an exponential model. To fit this into a linear regression model, we apply a logarithmic transformation to both sides. Let's transform the equation step by step.
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Start with the original equation:
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Apply the natural logarithm () to both sides:
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Using logarithmic properties, split the terms:
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Further simplify using the property :
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Now, let and , and rewrite the equation:
Here, is the slope of the linearized model, and we see from the transformed equation that .
Thus, the correct answer is:
Do you want more details or have any other questions?
Here are five related questions:
- What is the role of in this transformed linear model?
- How can we determine after performing the logarithmic transformation?
- What does the slope represent in the context of exponential growth?
- How would the transformation change if the base of the exponent were different from ?
- How does this transformation affect the interpretation of residuals in linear regression?
Tip: Always remember that when fitting models, transformations like logarithms help linearize non-linear relationships, making it easier to apply linear regression techniques.
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Math Problem Analysis
Mathematical Concepts
Algebra
Exponential Functions
Linear Regression
Logarithmic Transformation
Formulas
Exponential model: y = a * b^x
Logarithmic transformation: ln(y) = ln(a) + x * ln(b)
Linear form: y* = b0 + b1 * x
Theorems
Logarithmic properties
Linear regression transformation
Suitable Grade Level
Grades 10-12