Please a, b, and c This study was undertaken to determine those factors that have a significant impact onthe demand for meat in Mawar City. This study spans from 2002 to 2018 and the modelfor Mawar City meat demand is given below.1.Dm = a0 + alPIM + a2Po + a3YWhere:Dmdemand for meatprice index of meatprice of competitoraverage household incomePIMPoYYear2002DmPIMPoY1251846643442003460464613109200426751491337920051141854129061250020062176359200764664621295020082009649676613002634747113333201070381781329920116318886125702012508959412140119500רי12201353574310010020141011042015819106108125402016945108111127002017103411111413250201810141161913490a)Using the E-VIEWS / SSPSS package, estimate demand as a linear function of PIM,Po and Y. Write the equation, t-statistics, and coefficient of determination andstandard error of estimation.Using the result, which independent variable is significant at 5% significant value inexplaining the dependent variable.b)c)What can you say about the coefficient of determination?d)Calculate the price, income and cross elasticity of demand in year 2010 and interpretthe result.e)Calculate the ranges of quantity of demand for year 2015 at 95% confidence interval.

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Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter7: Distance And Approximation

Section7.3: Least Squares Approximation

Problem 31EQ

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