Semi log model
Posted: Sat Dec 13, 2008 3:29 pm
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.
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.