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A B C D E State Cans Price Income Temp Population Alabama 200 2.19 13 66 4,903,185 Arizona 150 1.99 17 62 7,278,717 Arkansas 237
A B C D E
State | Cans | Price | Income | Temp | Population |
Alabama | 200 | 2.19 | 13 | 66 | 4,903,185 |
Arizona | 150 | 1.99 | 17 | 62 | 7,278,717 |
Arkansas | 237 | 1.93 | 11 | 63 | 3,017,825 |
California | 135 | 2.59 | 25 | 56 | 39,512,223 |
Colorado | 121 | 2.29 | 19 | 52 | 5,758,736 |
Connecticut | 118 | 2.49 | 27 | 50 | 3,565,287 |
Delaware | 217 | 1.99 | 28 | 52 | 973,764 |
Florida | 242 | 2.29 | 18 | 72 | 21,477,737 |
Georgia | 295 | 1.89 | 14 | 64 | 10,617,423 |
Idaho | 85 | 2.39 | 16 | 46 | 1,787,065 |
Illinois | 114 | 2.35 | 24 | 52 | 12,671,821 |
Indiana | 184 | 2.19 | 20 | 52 | 6,732,219 |
Iowa | 104 | 2.21 | 16 | 50 | 3,155,070 |
Kansas | 143 | 2.17 | 17 | 56 | 2,913,314 |
Kentucky | 230 | 2.05 | 13 | 56 | 4,467,673 |
Louisiana | 269 | 1.97 | 15 | 69 | 4,648,794 |
Maine | 111 | 2.19 | 16 | 41 | 1,344,212 |
Maryland | 217 | 2.11 | 21 | 54 | 6,045,680 |
Massachusetts | 114 | 2.29 | 22 | 47 | 6,949,503 |
Michigan | 108 | 2.25 | 21 | 47 | 9,986,857 |
Minnesota | 108 | 2.31 | 18 | 41 | 5,639,632 |
Mississippi | 248 | 1.98 | 10 | 65 | 2,976,149 |
Missouri | 203 | 1.94 | 19 | 57 | 6,137,428 |
Montana | 77 | 2.31 | 19 | 44 | 1,068,778 |
Nebraska | 97 | 2.28 | 16 | 49 | 1,934,408 |
Nevada | 166 | 2.19 | 24 | 48 | 3,080,156 |
New Hampshire | 177 | 2.27 | 18 | 35 | 1,359,711 |
New Jersey | 143 | 2.31 | 24 | 54 | 8,882,190 |
New Mexico | 157 | 2.17 | 15 | 56 | 2,096,829 |
New York | 111 | 2.43 | 25 | 48 | 19,453,561 |
North Carolina | 330 | 1.89 | 13 | 59 | 10,488,084 |
North Dakota | 63 | 2.33 | 14 | 39 | 762,062 |
Ohio | 165 | 2.21 | 22 | 51 | 11,689,100 |
Oklahoma | 184 | 2.19 | 16 | 82 | 3,956,971 |
Oregon | 68 | 2.25 | 19 | 51 | 4,217,737 |
Pennsylvania | 121 | 2.31 | 20 | 50 | 12,801,989 |
Rhode Island | 138 | 2.23 | 20 | 50 | 1,059,361 |
South Carolina | 237 | 1.93 | 12 | 65 | 5,148,714 |
South Dakota | 95 | 2.34 | 13 | 45 | 884,659 |
Tennessee | 236 | 2.19 | 13 | 60 | 6,833,174 |
Texas | 222 | 2.08 | 17 | 69 | 28,995,881 |
Utah | 100 | 2.37 | 16 | 50 | 3,205,958 |
Vermont | 64 | 2.36 | 16 | 44 | 623,989 |
Virginia | 270 | 2.04 | 16 | 58 | 8,535,519 |
Washington | 77 | 2.19 | 20 | 49 | 7,614,893 |
West Virginia | 144 | 2.11 | 15 | 55 | 1,792,147 |
Wisconsin | 97 | 2.38 | 19 | 46 | 5,822,434 |
Wyoming | 102 | 2.31 | 19 | 46 | 578,759 |
Consider the soft drink data above . This is a demand function.Use Excel and Ordinary Least Squares Regression to estimate the following demand equation for soft drink demand: Use the all the data from Columns A through column E to estimate the Softdrink demand schedule: CANS = + 1*PRICE + 2*INCOME + 3*TEMP + 4*POPULATION. What is the R Square?
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