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Im doing an econometric assignment and need to use the program STATA do estimate some linear...

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Basic Math

Im doing an econometric assignment and need to use the programSTATA do estimate some linear regressions.

The dataset provided is the "natural log" of each variable.

What does the natural log mean? How is it calculated and how doI interoperate the data?

For example, a summary of the natural log of the unemploymentrate shows:

Mean: -2.79

STD Deviation: 0.284

Min: -3.5833

Max: -1.9428

Answer & Explanation Solved by verified expert
4.0 Ratings (460 Votes)
The natural log is the inverse of eExponentialfunctionNatural log lnx is the time to reach amountxassuming we grow continuously from 10 A linear relationshipbetween a log tranformed outcome    See Answer
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