I have been through many posts arguing about whether we should use the natural log of a ratio or not. Yet I am still unable to understand the concept completely for I feel even ratios differ from each other like child-teacher ratio is not like the dependents to working age population ratio. How do we evaluate it?
To be very specific in one of the old posts titled: In linear regression, when is it appropriate to use the log of an independent variable instead of the actual values?, it has been posted with reference to a book that it is better to use proportions in their level form instead of transforming them into their natural log. As I am quite clear about the interpretations when logging either one or both sides of a regression equation, I am confused if convenience of interpretation is the only reason not to choose log transformation of a ratio or proportion?