Question: estimate the following multiple regression model log(___) = 0 + 1log(___) + 2__ + Report your regression results in a sample regression function. Interpret the

estimate the following multiple regression model log(___) = 0 + 1log(___) + 2__ + Report your regression results in a sample regression function. Interpret the estimated coefficient of gdp_per_capita. Using the regression results, predict the number of total_deaths_per_million for Australia (with gdp being 44.64871 and total deaths per million being 122946.616 ) and compare your prediction with the actual number of total_deaths_per_million observed for Australia (198.967). Using the estimated model, test whether the coefficient of gdp_per_capita is statistically significant at 1% level of significance

SUMMARY OUTPUT
Regression Statistics
Multiple R 0.925556449
R Square 0.856654741
Adjusted R Square 0.852499806
Standard Error 0.629556433
Observations 72
ANOVA
df SS MS F Significance F
Regression 2 163.4334357 81.7167178 206.177649 7.8564E-30
Residual 69 27.34754985 0.3963413
Total 71 190.7809855
Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0%
Intercept 4.929827411 0.330355242 14.9228067 2.7426E-23 4.27078674 5.58886809 4.27078674 5.58886809
gdp_per_capita 0.032793643 0.004057445 8.08233731 1.4132E-11 0.02469926 0.04088802 0.02469926 0.04088802
log(total deaths per million) 0.832472976 0.049339123 16.872472 3.4659E-26 0.73404412 0.93090183 0.73404412 0.93090183

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