I have a linear regression model where the dependent variable is logged and an independent variable is linear. The slope coefficient for a key independent variable is negative: $-.0564$. Not sure how to interpret.
Do I use the absolute value then turn it into a negative like this: $(\exp(0.0564)-1) \cdot 100 = 5.80$
Do I plug in the negative coefficient like this: $(\exp(-0.0564)-1) \cdot 100 = -5.48$
In other words, do I use the absolute figure and then turn that into a negative or do I plug in the negative coefficient? How would I phrase my findings in terms of a one-unit increase in X is associated with a __ percent decrease in Y? As you can see, these two formulas produce 2 different answers.