Question: Use the WEO data We will use the following variables ( see lines on excel ) : Line 4 - GPD current prices Line 8
Use the WEO data We will use the following variables see lines on excel: Line GPD current prices Line Sunflower Oil, US export price from Gulf of Mexico, US$ per metric ton. Line Commodity Metals Price Index includes Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices Line Commodity Beverage Price Index includes Coffee, Tea, and Cocoa Exercise Linear Regression Do a linear regression and present the graphics and correlation between please copy and paste the graphics add explanation of this relationship is it negative? Positive? No relationship? GDP vs Sunflower Oil, US export price from Gulf of Mexico, US$ per metric ton. GDP vs Commodity Metals Price Index includes Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices GDP vs Commodity Beverage Price Index includes Coffee, Tea, and Cocoa Exercise Multiple regression Use GDP as a dependent variable. And Sunflower, Commodity Metals, and Commodity Beverage as independent variables. Present the multiple regression. yes copy and paste the results here What do you conclude? LINE NGDPD World Gross domestic product, current prices US dollars Billions
LINE PSUNO World Sunflower Oil, US export price from Gulf of Mexico, US$ per metric tonne US dollars Units
LINE PMETAW World Commodity Metals Price Index includes Copper, Aluminum, Iron Ore, Tin, Nickel, Zinc, Lead, and Uranium Price Indices Index, na na na na na na na na na na na na
LINE PBEVEW World Commodity Beverage Price Index includes Coffee, Tea, and Cocoa Index,
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