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2. (10 pts) Run a regression with consumption expenditure (Y1) as your dependent variable and the remaining X variables as your independent variables. Check if

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2. (10 pts) Run a regression with consumption expenditure (Y1) as your dependent variable and the remaining X variables as your independent variables. Check if any of the regression coefficients are insignificantly different from zero. If so, remove the corresponding independent variables (one at a time) from your analysis and arrive at a model where all regression coefficients are statistically significant. Only state your final regression results

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