1)Quantity of Beef

Question

2)Price of Beef
3)Price of Pizza
4)Price of Coke
5)Income

1- list and explain each of the components of your regression model, both the dependent variable and the independent variables

2-list each of the independent variables, hypothesize the sign of the coefficients and explain why they will be negative or positive.

3-Express your regression model as an equation. (e.g., Qd = a + b*PA + c*PB + d*Income)


I have know idea how to use this formula with all those variables

Answer 1

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Answer 2

-Quantity of Beef
-Price of Beef
-Price of Pizza
-Price of Coke
-Income

What are the independent and dependent variables

with regards to independent hypothesize the sign