I wonder if someone could give me some advice on using ratios as a dependent variable in a Generalized Linear Model.
I have a variable referring to the increase of "size at Time 1" to "size at Time 2" for $n=37$ individuals. I want my dependent variable to be percentage increase from Time 1 to Time 2. Because "size at Time 2" is equal to or greater than "size at Time 1" my dependent may range from 0 to +infinity.
I'm interested in testing a number of potential explanatory variables for this percent increase while also taking into account a potential confounding factor (that will be represented as a continuous variable).
I've read that I might log-transform my dependent variable and use a GLM to conduct the analysis. This would allow me to include my confounding factor as a covariate in the analysis in order to measure its effect.
My question is can I also test the influence of "size at Time 1" as an explanatory variable? What are the implications of using as predictor a variable previously used for calculating the dependent?