Question
1)Quantity of Beef
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
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
Answers
drwls
Your question is incomplete. Copying and pasting from other sources often does not work. You may need to retype everything
Peter
-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
-Price of Beef
-Price of Pizza
-Price of Coke
-Income
What are the independent and dependent variables
with regards to independent hypothesize the sign