Major in Business Economics | Economics

Running head: BUSINESS ECONOMICS
Business Economics
Name of the Student:
Name of the University:
Author note:

BUSINESS ECONOMICS
1
Table of Contents
Answer to the question 1............................................................................................................2
Answer to the question 2........................................................................................................2
Answer to the question 3............................................................................................................2
Answer to the question 4............................................................................................................3
Answer to the question 5............................................................................................................3
Bibliography...............................................................................................................................5

BUSINESS ECONOMICS
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Answer to the question 1
Table 1 Regression output
The multiple regression model is as below
Cans / capita/ year = 514.27 -242.97 * 6-pack price ($) +1.36 * income /capita ($ 1,000) +
2.93 * mean temperature
Answer to the question 2
The coefficient of independent variables are as below
6-pack price ($) = -242.97
Income /capita ($ 1,000) = 1.36
Mean temperature = 2.93
Answer to the question 3
The fitted regression model is good. Because in the model there is a positive and
strong relation has been established.
The coefficient of determination that is the value of the R- square = 0.70