8- Following estimated demand equation for shoes in the UnitedStates over the period 1929 to 1991 has been reported in theresearch.VariableInterceptIncome per capita (X)0.0289Price of the Shoes (P)-0.0923Advertisement (A)Coefficients Standard Error t-value19.575(c)9.31250.05122(b)0.0350.01522.324R= 0.857Using the above estimated regression table answer the followingquestions:a) Forecast the demand for shoes for the year 1962 if the forecastvalues of the independent/explanatory variable are those given inthe following table.Year X PA1962 1646 20 1000b) Calculated the t-value of the Price of shoes (P).c) Calculate the Standard error of Income per capita (X).d) Are coefficients (X, P and A) statistically significant?e) Interpret the R? of the model.

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Description: 8- Following estimated demand equation for shoes in the UnitedStates over the period 1929 to 1991 has been reported in theresearch.VariableInterceptIncome per capita (X)0.0289Price of the Shoes (P)-0.0923Advertisement (A)Coefficients Standard Error

The regression line is given by y = 19.575 + 0.0289X - 0.0923P + 0.035A a) The forecasted demand…

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ons: a) Forecast the demand for shoes for the year 1962 if the fored values of the independent/explanatory variable are those given the following table. Year X PA 1962 1646 20 1000 b) Calculated the t-value of the Price of shoes (P). c) Calculate the Standard error of Income per capita (X). d) Are coefficients (X, P and A) statistically significant? e) Interpret the R? of the model.

ons: a) Forecast the demand for shoes for the year 1962 if the fored values of the independent/explanatory variable are those given the following table. Year X PA 1962 1646 20 1000 b) Calculated the t-value of the Price of shoes (P). c) Calculate the Standard error of Income per capita (X). d) Are coefficients (X, P and A) statistically significant? e) Interpret the R? of the model.

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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