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

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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