11. Table 2 below shows a country's leather price (Y), total production of cattle rep resented...

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11. Table 2 below shows a country's leather price (Y), total production of cattle rep resented by the number of slaughters (X2), foreign cattle production (3) and do mestic GDP at constant prices (X4). (1) Estimate the following price equation: Y = B+ B2X2+B33 + 4 4 + (2) briefly discuss your results. Table 2 Year Leather Price and its Determinant Factors Domestic pr Domestic produ ice inde ction (million Foreign produc tion Domestic G DP head) (billion pounds) (X4) (Y) (X2) (X3) 1956 88.9 27.8 33.0 446.1 57 79.4 27.0 34.1 452.5. 58 80.6 24.4 35.3 447.3 59 139.7 23.7 33.4 475.9 60 96.5 26.0 35.2 487.7 1961 104.8 26.5 37.0 497.2 62 105.4 26.9 40.0 529.8 63 75.3 28.1 41.7 551.0 64 69.7 31.7 40.1 581.1 65 94.3 33.2 41.2 617.8 1966 117.5 34.2 43.4 658.1 67 78.0 34.3 45.7 675.2 68 69 60 71.1 35.4 47.5 707.2 87.8 35.6 48.3 727.1 11. Table 2 below shows a country's leather price (Y), total production of cattle rep resented by the number of slaughters (X2), foreign cattle production (3) and do mestic GDP at constant prices (X4). (1) Estimate the following price equation: Y = B+ B2X2+B33 + 4 4 + (2) briefly discuss your results. Table 2 Year Leather Price and its Determinant Factors Domestic pr Domestic produ ice inde ction (million Foreign produc tion Domestic G DP head) (billion pounds) (X4) (Y) (X2) (X3) 1956 88.9 27.8 33.0 446.1 57 79.4 27.0 34.1 452.5. 58 80.6 24.4 35.3 447.3 59 139.7 23.7 33.4 475.9 60 96.5 26.0 35.2 487.7 1961 104.8 26.5 37.0 497.2 62 105.4 26.9 40.0 529.8 63 75.3 28.1 41.7 551.0 64 69.7 31.7 40.1 581.1 65 94.3 33.2 41.2 617.8 1966 117.5 34.2 43.4 658.1 67 78.0 34.3 45.7 675.2 68 69 60 71.1 35.4 47.5 707.2 87.8 35.6 48.3 727.1