Question: Refer to the data on eggs produced and their prices given in the following table. Which model may be appropriate here, FEM or ECM? Why?

Refer to the data on eggs produced and their prices given in the following table. Which model may be appropriate here, FEM or ECM? Why?

State Y1 Y2 X1 X2 State Y, Y2 X1 X2 92.7 66.0 AL 2,206 2,186 91.4 мT 172 164 68.0 149.0 1,202 1,400 AK 0.7 0.7 151.0 NE

State Y1 Y2 X1 X2 State Y, Y2 X1 X2 92.7 66.0 AL 2,206 2,186 91.4 T 172 164 68.0 149.0 1,202 1,400 AK 0.7 0.7 151.0 NE 50.3 48.9 AZ 73 74 61.0 56.0 NV 2.2 1.8 53.9 52.7 3,737 7,444 AR 3,620 7,472 86.3 91.8 NH 43 49 109.0 104.0 63.4 442 491 83.0 CA 58.4 NJ 85.0 Co 77.8 74.0 70.0 788 873 73.0 NM 283 302 64.0 CT 1,029 168 948 106.0 104.0 NY 975 987 68.1 DE 164 117.0 113.0 NC 3,033 3,045 82.8 78.7 FL 2,586 4,302 227.5 2,537 4,301 62.0 57.2 ND 51 45 55.2 48.0 GA 80.6 80.8 4,667 4,637 59.1 54.7 85.5 224.5 85.0 869 830 101.0 100.0 203 809 5,290 2,247 187 79.1 72.9 OR 652 686 77.0 74.6 793 IL 65.0 70.5 PA 4,976 5,130 61.0 52.0 60.1 53.0 IN 5,445 2,151 62.7 RI 53 50 102.0 99.0 SC 70.1 IA 56.5 1,422 435 1,420 65.9 KS 404 389 54.5 47.8 SD 602 48.0 45.8 KY 412 483 67.7 73.5 277 279 71.0 80.7 273 115.0 LA 254 115.0 3,317 3,356 76.7 72.6 101.0 97.0 ME 1,069 1,070 898 456 486 64.0 59.0 MD 885 76.6 75.4 31 30 106.0 102.0 943 81.2 235 237 105.0 102.0 VA 988 86.3 1,396 2,697 1,468 1,622 1,287 MI 1,406 2,499 1,434 1,580 58.0 53.8 WA 1,313 174 74.1 71.5 54.0 MN 57.7 wv 136 104.0 109.0 87.8 86.7 60.1 54.0 MS WI 910 873 MO 55.4 51.5 WY 1.7 1.7 83.0 83.0

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