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Consider the following results of a multiple regression model of dollar price of unleaded gas (dependent variable) and a set of independent variables: price of

Consider the following results of a multiple regression model of dollar price of unleaded gas (dependent variable) and a set of independent variables: price of crude oil, value of S&P500, price U.S. Dollars against Euros, personal disposal income (in million of dollars) :

Coefficient

t-statistics

Intercept

0.5871

68.90

Crude Oil

0.0651

32.89

S&P 500

-0.0020

18.09

Price of $

-0.0415

14.20

PDI

0.0001

17.32

R-Square = 97%

What is the interpretation of coefficient PDI?

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