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 Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Idaho Illinois S Estimate demand for soft drinks using a multiple regression program C 200 150 237 135 121 118 217 242 295 85 114 SOFT DRINK DEMAND ESTIMATION Cans/Capita/YR 6Pack $Price 2.19 1.99 1.93 2.59 2.29 2.49 1.99 2.29 1.89 2.39 2.35 Income Temperature F 13 17 11 25 19 27 28 18 14 16 24 66 62 63 56 52 50 52 72 64 46 52
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 Alabama Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Idaho Illinois S Estimate demand for soft drinks using a multiple regression program C 200 150 237 135 121 118 217 242 295 85 114 SOFT DRINK DEMAND ESTIMATION Cans/Capita/YR 6Pack $Price 2.19 1.99 1.93 2.59 2.29 2.49 1.99 2.29 1.89 2.39 2.35 Income Temperature F 13 17 11 25 19 27 28 18 14 16 24 66 62 63 56 52 50 52 72 64 46 52
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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