# Regression Results

Please help interpret the regression results.

I regressed LogCost on LogSeatMiles, LogPriceLabor, LogPriceMaterials Log PriceFuel

Here are the results:

Variable Coefficient

Log SeatMiles .8958442

Log PriceLabor .287488

Log PriceMaterials -.0987056

Log PriceFuel .2973048

I want to double check and make sure that I am doing this correctly:

A 1% increase in seat miles increases variable costs by 0.90% all else held constant. A 1% increase in the price of labor increases variable cost by 0.029% all else held constant. A 1% increase in the price of materials decreases variable cost by 0.099% all else held constant. A 1% increase in the price of fuel increases variable cost by 0.30% all else held constant.

© BrainMass Inc. brainmass.com October 9, 2019, 7:02 pm ad1c9bdddfhttps://brainmass.com/economics/regression/assessing-regression-results-105703

#### Solution Preview

You should quote the log factor too.

A 1% increase in log of seat miles increases log of variable costs by ...

#### Solution Summary

Assess regression results in the solution.