1. Estimating OLS and 2SL 5 Coefficients by Hand Suppose you want to estimate soda demand with the following regression model: Use the values in the table below to calculate the OL S estimate: of the intercept and slope coefficients, o and OLS Data Average 101.25 Quantity (oz.) Average Price 0.0845 (5/0z) com Price, -1230.75 Quantity) var(Price) 10.65 1. What is the OLS slope coefficient, Bone ? Remember, Bm= = COV(X, Y) : Where x is the independent variable and V Zix- x var (x) is the dependent variable