Following estimated demand equation for shoes in the United States over the period 1929 to 1991 has been reported in the research.VariableCoefficientsStandard Errort-valueIntercept19.575Income per capita (X)0.0289(c)9.3125Price of the Shoes (P)-0.09230.05122(b)Advertisement (A)0.0350.01522.324R2 = 0.857Using the above estimated regression table answer the following questions:Forecast the demand for shoes for the year 1962 if the forecast values of the independent/explanatory variable are those given in the following table. YearXPA19621646201000Calculated the t-value of the Price of shoes (P).Calculate the Standard error of Income per capita (X).Are coefficients (X, P and A) statistically significant?Interpret the R2 of the model. ese items obtain a maxiO A:IVSection A - Long Questions - Answer 1 Question8- Following estimated demand equation forshoes in the United States over the period1929 to 1991 has been reported in theresearch.VariableCoefficients19.575InterceptIncome per capita (X)Price of the Shoes (P)Advertisement (A)0.0289-0.09230.035R² = 0.857Using the above estimated regression tableanswer the following questions:a) Forecast the demand for shoes for the year1962if the forecastvalues of theindependent/explanatory variable are thosegiven in the following table.YearX19621646b) Calculated the t-value of the Price of shoes(Р).c) Calculate the Standard error of Income perсapita (X).d) Are coefficients (X, P and A) statisticallysignificant?e) Interpret the R? of the model.9- Following table presents the quarterlymarket share of Tasty Food Company ;QuarterFirm's Actu

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

Answered: ollowing estimated demand equation for…

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter9: Systems Of Equations And Inequalities

Section9.1: Systems Of Equations

Problem 49E

See similar textbooks

Similar questions

Eastern Pacific Yellowfin Tuna Studies to fit a logistic model to the Eastern Pacific yellowfin tuna population have yielded N=1481+36e2.61t where t is measured in years and N is measured in thousands of tons of fish. a. What is the r value for the Eastern Pacific yellowfin tuna? b. What is the carrying capacity K for the Eastern Pacific yellowfin tuna? c. What is the optimum yield level? d. Use your calculator to graph N versus t. e. At what time was the population growing the most rapidly?
Grazing Kangaroos The amount of vegetation eaten in a day by a grazing animal V of food available measured as biomass, in units such as pounds per acre. This relationship is called the functional response. If there is little vegetation available, the daily intake will be small, since the animal will have difficulty finding and eating the food. As the amount of food biomass increases, so does the daily intake. Clearly, though, there is a limit to the amount the animal will eat, regardless of the amount of food available. This maximum amount eaten is the satiation level. a.For the western grey kangaroo of Australia, the functional response is G=2.54.8e0.004V, where G=G(V) is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Draw a graph of G against V. Include vegetation biomass levels up to 2000 pounds per acre. ii. Is the graph you found in part i concave up or concave down? Explain in practical terms what your answer means about how this kangaroo feeds. iii. There is a minimal vegetation biomass level below which the western grey kangaroo will eat nothing. Another way of expressing this is to say that the animal cannot reduce the food biomass below this level. Find this minimal level. iv. Find the satiation level for the western grey kangaroo. b. For the red kangaroo of Australia, the functional response is R=1.91.9e0.033V, Where R is the daily intake measured in pounds and V is the vegetation biomass measured in pounds per acre. i. Add the graph of R against V to the graph of G you drew in part a. ii. A simple measure of the grazing efficiency of an animal involves the minimal vegetation biomass level described above: The lower the minimal level for an animal, the more efficient it is at grazing. Which is more efficient at grazing, the western grey kangaroo or the red kangaroo?

Recommended textbooks for you

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Functions and Change: A Modeling Approach to Coll…

Algebra

ISBN:

9781337111348

Author:

Bruce Crauder, Benny Evans, Alan Noell

Publisher:

Cengage Learning

Algebra & Trigonometry with Analytic Geometry

Algebra

ISBN:

9781133382119

Author:

Swokowski

Publisher:

Cengage

Functions and Change: A Modeling Approach to Coll…

Algebra

ISBN:

9781337111348

Author:

Bruce Crauder, Benny Evans, Alan Noell

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS