Dear all!
i am not sure how to interpret a log transformed dependent variable Y and a non-transformed independet variable X when beta is high.
In my example the regression coefficient (beta) of the independet variable is 13.061.
To interpret this, i would calculate the following: 100 * (exp(β)−1) = 100 * (exp(13.061)-1) = 47.023.971,4 %
So a one unit increase in X would lead to a 47.023.971,4% increase in Y? I think this interpretating does not make sense, when the coefficient is high.
Is there any alternative way to interpret the "high" beta coefficient?
Thank you for your answer ind advance!!