I need to estimate a semi log model. It looks like this: Ln(Wage)=β0+β1*Educ+β2*Exper+β3*Exper^2
Does anyone know what I should do with Ln in the estimation? Some of my co students think I should tape it in just like it is, but change Ln with Log. Will that be correct, or should I just tape it in like this: Wage=β0+β1*Educ+β2*Exper+β3*Exper^2, and use e on the numbers I get in the estimation?
The numbers after β are footnotes.
Semi log model
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Re: Semi log model
Both ways are used. The first is more common, and the natural log function in EViews is log().I need to estimate a semi log model. It looks like this: Ln(Wage)=β0+β1*Educ+β2*Exper+β3*Exper^2
Does anyone know what I should do with Ln in the estimation? Some of my co students think I should tape it in just like it is, but change Ln with Log. Will that be correct, or should I just tape it in like this: Wage=β0+β1*Educ+β2*Exper+β3*Exper^2, and use e on the numbers I get in the estimation?
The numbers after β are footnotes.
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