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
Related questions
Question

Transcribed Image Text: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 program
Alabama
Arizona
Arkansas
California
Colorado
S
C
200
150
237
135
121
Connecticut 118
Delaware
217
Florida
242
Georgia
295
Idaho
85
Illinois
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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 16 images

Recommended textbooks for you

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc

Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning

Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON

The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman

Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman