Question: 2. Run a regression with consumption expenditure (Yi) as your dependent variable and the re- maining X variables as your independent variables. Check if any

2. Run a regression with consumption expenditure (Yi) as your dependent variable and the re- maining X variables as your independent variables. Check if any of the regression coefficients are insignificantly different from zero. If so, remove the corresponding independent variables (one at a time) from your analysis and arrive at a model where all regression coefficients are statistically significant. Only state your final regression results

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