Given that, Log(total primary energy consumption per capita)= 8.303336 + -.95999562*log(GDP per capita USD) + .0954567*square of log(GDP per capita USD) + -0.2392021*log(pump price for gasoline USD litre) + -.01857(average temperature for the coldest month in a year (in C)) + .0546541*log(land area in km2). The p value for the constant =0.001.  Questions 1) Interpret the constant and its pvalue 2)Interpret the coefficient on average temperature for the coldest month in a year, and its pvalue of 0.001 3)Interpret the coefficient on the log of land area and its pvalue of 0.099

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.