Question: Regression by Excel 1. Based on the data available in the slides, Estimate the multivariate equation econometrically using excel. 2. Interpret the results ( coefficient,

Regression by Excel 1. Based on the data available in the slides, Estimate the multivariate equation econometrically using excel. 2. Interpret the results ( coefficient, adjusted R square, p-values) 3. Write the hypothesis for each independent variable. 4. Derive the elasticities for each variable using excel.

slides, Estimate the multivariate equation econometrically using excel. 2. Interpret the results

Estimate demand for soft drinks using a multiple regression program SOFT DRINK DEMAND ESTIMATION . States Cans/Capita/YR 6Pack $Price Income Temperature F . Alabama 200 2.19 13 66 . Arizona 150 1.99 17 62 . Arkansas 237 1.93 11 63 . California 135 2.59 25 56 . Colorado 121 2.29 19 52 Connecticut 118 2.49 27 50 . Delaware 217 1.99 28 52 . Florida 242 2.29 18 72 Georgia 295 1.89 14 64 . Idaho 85 2.39 16 46 . Illinois 114 2.35 24 52

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