Typical algorithms used to compute logarithms are not quick and have a variable execution time depending on the input value. The technique [Ihsan] is using is both fast and has a constant run time.

Taken from Introduction to Econometrics from Stock and Watson, 2003, p. 215: Y=B0 + B1*ln(X) + u ~ A 1% change in X is associated with a change in Y of 0.01*B1 ln(Y)=B0 + B1*X + u ~ A change in X by ...

A scientific calculator has two 'log' buttons on it. These are marked log and ln. The log key is used for calculations of the form \({\log _{10}}x\). For example, to work out that \(\log 10000 = 4 ...

where \(k\) and \(n\) are constants. Using logarithms, we can express \(y = k{x^n}\) in the form of the equation of a straight line \(y = mx + c\). Shown below is a straight line graph when ...