Question: Consider the CigarettesB data taken from Baltagi (2002). Run a regression of real per capita consumption on real price and real per capita income (all

Consider the CigarettesB data taken from Baltagi (2002). Run a regression of real per capita consumption on real price and real per capita income (all variables in logarithms). Obtain the usual diagnostic statistics using influence.measures(). Which observations are influential? To which states do they correspond? Are the results intuitive?

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