Question: You have been asked to develop a model using multiple regression that predicts the retail sale of beef and veal combined using time series data.

You have been asked to develop a model using multiple regression that predicts the retail sale of beef and veal combined using time series data. The data file Beef Veal Consumption contains a number of variables related to the beef and veal retail markets beginning in 1935 and extending through the present.
a. Prepare a model that includes a test and adjustment for serial correlation. Discuss your model and indicate important factors that predict beef sales.
b. Prepare a second analysis, but this time include only data beginning in the year 1980.
c. Compare the two models estimates in a and b.

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a Regression Analysis Beef Veal Re versus U S Popula Beef Veal Pr The regression equation is Beef Veal Retail 4114 349 U S Population 0891 Beef Veal Production 144 Beef Veal Slaughter PPI 62 cases use... View full answer

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