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 y=abxy = a \cdot b^x, 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.

  1. Start with the original equation: y=abxy = a \cdot b^x

  2. Apply the natural logarithm (ln\ln) to both sides: ln(y)=ln(abx)\ln(y) = \ln(a \cdot b^x)

  3. Using logarithmic properties, split the terms: ln(y)=ln(a)+ln(bx)\ln(y) = \ln(a) + \ln(b^x)

  4. Further simplify using the property ln(bx)=xln(b)\ln(b^x) = x \cdot \ln(b): ln(y)=ln(a)+xln(b)\ln(y) = \ln(a) + x \cdot \ln(b)

  5. Now, let y=ln(y)y^* = \ln(y) and b0=ln(a)b_0 = \ln(a), and rewrite the equation: y=b0+b1xy^* = b_0 + b_1 \cdot x

Here, b1b_1 is the slope of the linearized model, and we see from the transformed equation that b1=ln(b)b_1 = \ln(b).

Thus, the correct answer is:

ln(b)\ln(b)

Do you want more details or have any other questions?


Here are five related questions:

  1. What is the role of b0b_0 in this transformed linear model?
  2. How can we determine aa after performing the logarithmic transformation?
  3. What does the slope b1=ln(b)b_1 = \ln(b) represent in the context of exponential growth?
  4. How would the transformation change if the base of the exponent were different from ee?
  5. 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.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

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