Is there a particular product that is an indicator of per capita personal consumption for countries around the world? Shown on the next page are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a multiple regression model to predict per capita personal consumption by paper consumption, fish consumption, and gasoline consumption.

Discuss the meaning of the partial regressionweights.

Transcribed Image Text:

Per Capita Personal Paper Fish Gasoline Consumpion Consumption Consumption Consumption Country (S U.S.) (kg per person (lbs per person ters per person) Bangladesh Greece Italy Japan Kenya Norway Philippines Portugal United Kingdom United States Venezuela 836 3,145 21,785 37,931 276 1,913 2,195 3,154 19,539 109,521 622 85 204 250 4 156 19 116 207 308 27 23 53 48 141 12 113 65 133 394 368 447 16 477 43 257 460 1,624 528 47 40