Question: 1. Use natural log transformation (using the function LN in excel to transform the entire data set to create 3 new columns for ln Q,

1. Use natural log transformation (using the function LN in excel to transform the entire data set to create 3 new columns for ln Q, ln P and ln I

2. Run a regression analysis with ln Q being the Y or dependent variable and ln P, ln I being the X or independent variable.

Once you are done with the regression, interpret the B coefficients in terms of elasticities

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