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Given the data on quantity demanded(Y) sugar & price(X)of sugar Y:12345678910 X:10987654321 A. Estimate the linear demand function by OLS. B. Interpret the slope coefficient

Given the data on quantity demanded(Y) sugar & price(X)of sugar

Y:12345678910

X:10987654321

A. Estimate the linear demand function by OLS.

B. Interpret the slope coefficient and intercept.

C. Is estimated coefficient of explanatory variable statistically significance at 1% level of significance and 5% level of significance?

D. Verify goodness of fit of the model.

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