(g) Skewed continuous variables are expressed as the weighted geometric mean (antilogarithm
of the SE of the logarithmic mean).
The interpretation of the coefficients is similar to that of the first step: the price parity of area i is the antilogarithm
To interpret them, it is necessary to transform the coefficients in antilogarithms
. The main variable, WTP, is negative because it is a function of the demand.
The numbers between brackets indicate the antilogarithms
of the adjusted means.
where k is the mean price of the square meter filtered of all effects, and the remaining terms are the error and the antilogarithms
of the estimated effects expressed as indices.
It can be shown that the antilogarithms
of the [[Gamma].sub.t] terms are the index numbers.
The refined capacity estimates are taken to be the annual capacity indicators multiplied by the antilogarithms
of the fitted values from the equation.
The predefined functions LOG (which converts to natural logarithms), EXP (which provides antilogarithms
), and SQR (which calculates the square root) may also be different in other dialects of BASIC.
(26) The chained Tornqvist index is a chain of antilogarithms
of growth rates.
Finally, the antilogarithms
of the sum of the weighted quantity changes are taken and chained together to form the real-value-of-shipments index for the industry.
Indexes are constructed from the antilogarithms
of this differential.