1. Based on the data available in the attached picture, Estimate the multivariate equation econometrically using excel.2. Interpret the results (coefficient, adjusted R square, p-values)3. Write the hypothesis for each independent variable. (null hypothesis and alternative hypothesis)4. Derive the elasticities for each variable using excel.● States.●●●●●●●●Estimate demand for soft drinks using a multiple regression programAlabamaArizonaArkansasCaliforniaColoradoSC200150237135121Connecticut 118Delaware217Florida242Georgia295Idaho85Illinois114SOFT DRINK DEMAND ESTIMATIONCans/Capita/YR 6Pack $Price2.191.991.932.592.292.491.992.291.892.392.35Income Temperature F13171125192728181416246662635652505272644652

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.6: Regression And Median-fit Lines

Problem 6PPS

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Does Table 1 represent a linear function? If so, finda linear equation that models the data.
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This assignment involves putting together a scenario where you are asking a question that requires analyzing data - doing a hypothesis test or determining what variables are statistically significant using your favorite statistical analytical tool learned in this course. The tools you have learned include z and t-test one population, two population, and ANOVA (regression analysis and prediction using linear regression or multivariable regression). Pretend you are the CEO and the analyst doing the analysis. Write the scenario: Introduction, Body (with category sectional headings), Conclusion, and Reference.
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