Calculate and explain Parameters and interpret the result by using any X value ? Years B t
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Question:
Calculate and explain Parameters and interpret the result by using any X value?
Years | Bt | Pt |
2010 | 85.1 | 20.40 |
2011 | 87.8 | 20.20 |
2012 | 88.9 | 21.30 |
2013 | 94.5 | 19.90 |
2014 | 99.9 | 18.00 |
Where: Bt = the per capita consumption of beef in year t (in pounds per person)
Pt = the price of beef in year t (in Rs. per pound)
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