Transcript excerpt from a talk (YouTube video) discussing logarithmic transformations: the speaker reminds listeners that taking the log of a price converts an exponential curve into a straight line, and that taking logs of both axes (log–log) also produces a straight line for power-law relationships. This chunk appears to be a short pedagogical reminder of prior terminology and concepts.
If we're dealing with an exponential is that if I take the log of a price, then the exponential will look like a straight line. And if I take the log of both the x axis and the Y axis, then it looks like straight line. If I'm dealing with this. I know it's a little bit complicated, but because we're using all this terminology and these are concepts that I explained before, but it's a good, It's a good thing to remind people about these concepts.
