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Exam (elaborations)
MGSC 291 Exam 3 Prep (Questions & Answers) Rated 100%
When is the log-log model appropriate? - ️️when the response and explanatory 
variable move multiplicatively together 
When do you use logistic regression? - ️️for Binary responses (yes/no, 1/0, 
true/false) 
What is seasonal variation? - ️️patterns that happen regularly within a year 
What is autocorrelation and how do you account for it? - ️️the correlation of a set of 
numbers with a lagged version of itself 
what type of data is considered panel data? - ️️a stack of time ...