Functional forms in OLS regression (Excel)

Appropriately transforming the data and using the correct functional form of an OLS equation can be essential for model quality and forecasting. Today we are investigating the four main functional forms - linear, logarithmic, exponential, and power law regression, their implementation in Excel, visualisation, and application to forecasting, as well as the mathematics behind them and their advantages and limitations. Don't forget to subscribe to NEDL and give this video a thumbs up for more videos in Econometrics! Please consider supporting NEDL on Patreon:   / nedleducation