Google Answers: log-log model, scanner data

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Q: log-log model, scanner data ( No Answer, 0 Comments )

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Subject: log-log model, scanner data
Category: Reference, Education and News > Homework Help
Asked by: nilegarritson-ga
List Price: $5.00

Posted: 20 Nov 2006 20:29 PST
Expires: 20 Dec 2006 20:29 PST
Question ID: 784424

A popular model used in scanner data is the "log-log" model:

Ln(Y) = B0 + B1*Ln(X1) + B2*Ln(X2) + B3*Ln(X3)

What would be the interpretation of B1, and how would it be related to
price elasticity?

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