Question: Greg Gouge analyst for the Wisconsin Department of Taxation is

Greg Gouge, analyst for the Wisconsin Department of Taxation, is concerned about beer consumption in the state. (The state taxes beer so a drop in consumption will reduce tax revenues.) The dependent variable is the number of gallons of beer consumed per person in a given year. The independent variable is a trend variable coded as 1 in 1995. A regression reveals the following:
 = 22.9 + .297 X r2 = .75 Sy|x = 1.92 sb = .028
Interpret the slope, intercept, and coefficient of determination. Test the slope for significance. Predict beer consumption for 2015.

Sale on SolutionInn
  • CreatedNovember 11, 2015
  • Files Included
Post your question