My demand equation is: QDBeef= 27001.460 - 3237.903 PBeef+ 998.9908PPork- 2883.850 PPotatoes+ 0.41966 M
A B C D E F Year G H Quantity Demanded of Beef (in million lbs) Average Price of Beef per Ibs | Average Price of Pork per Ibs M N Average price of Potato per lbs O Income Qdb pb Pp Po 1980 24165.89 M SUMMARY OUTPUT 1.83 $ 1.46 $ J O UT A W N 1981 24564.49 0.71 $ 7,787.00 1.80 $ 1982 1.67 $ 24810.86 0.73 $ 8,476.00 Regression Statistics 1.77 $ 1983 2.05 $ 25604.78 0.71 $ 1.73 $ 3,980.00 Multiple R 0.963400903 1.94 $ 1984 0.72 $ 25849.62 ,494.00 1.72 $ R Square 0.9281413 1985 1.86 $ 6271.84 0.81 $ 10,328.00 Adjusted R Square 0.91886921 54 00 1.68 $ 1.94 $ 1986 26919.96 0.76 $ 11,013.00 Standard Error 1.64 $ 541.9372142 2.08 5 10 1987 ).84 5 26246.55 1.71 $ 11,670.00 Observations 36 2.14 5 0.78 $ 1988 26354.57 12,391.00 1.76 $ 1.88 $ 1989 25687.95 0.85 $ 1.83 $ 13,128.00 ANOVA 1990 1.77 $ 25433.99 0.93 $ 1.97 $ 14,056.00 SS 2.12 $ MS 0.90 $ F 1991 25731.93 14,387.00 Significance F 1.97 $ Regression 4 2.22 $ 117596496.8 29399124 100.1005 2.9011E-17 1992 25945.14 0.88 $ 14,617.00 Residual 1.91 $ 31 1.92 $ 9104574.267 293695.9 1993 0.87 $ 25810.94 14,847.00 Total 35 1.94 $ 126701071.1 1.93 5 1994 0.89 $ 27286.94 15,777.00 1.86 $ 1.99 $ 1995 0.90 $ 27873.74 16,555.00 1.84 $ Coefficients 1.99 $ Standard Error t Stat 1996 28116.18 0.92 $ P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% 1.80 $ 17,227.00 Intercept 27001.46068 25409.45 28593.4714 28593.4714 1997 2.47 $ 780.5835829 34.59138 2.48E-26 25409.45 28211.45 0.97 $ 18,186.00 Beef 1.74 $ 2.68 5 -3237.90342 450.5771251 -7.186125 4.44E-08 -4156.8615 -2318.9453 -4156.8615 -2318.9453 1998 1.00 $ 28868.32 19,241.00 Pork 1.81 $ 998.9908348 2.54 $ 376.9646833 2.650091 0.012555 230.166294 1767.81538 230.166294 1767.81538 1999 1.04 $ 29759.18 20,120.00 Potatoes 1.84 $ 2.55 5 2883.850406 1734.072157 -1.663051 0.106382 -6420.5139 652.813076 -6420.5139 652.813076 2000 1.06 $ 30331.63 21,239.00 1.94 $ Income (M) 3.03 $ 0.419066502 0.041607521 10.07189 0.3342074 2001 1.07 $ 2.7E-11 0.5039256 0.3342074 0.5039256 29900.44 2.11 $ 22,346.00 3.25 5 2002 1.11 $ 31015.6 22,851.00 2.13 $ 2003 3.24 $ 0035.91 1.07 $ 2.28 5 22,794.00 3.20 $ 2004 1.03 $ 28847.23 23,276.00 2.50 $ 2005 3.38 $ 29022.31 1.07 $ 29 2.54 $ 23,857.00 3.39 $ 2006 29912.07 1.06 $ 25,036.00 2.55 5 3.44 5 2007 1.05 $ 30205.36 26,352.00 2.70 $ 3.66 $ 2008 29831.75 2.87 $ 1.12 $ 26,804.00 3.66 $ 2009 29335.86 1.21 $ 26,964.00 2.88 $ 3.61 $ 2010 29274.52 1.28 $ 26,530.00 2.91 $ 4.11 $ 2011 28922.83 1.26 $ 3.19 5 26,558.00 4.63 5 2012 28815.34 1.29 $ 3.41 $ 27,554.00 4.56 5 2013 28648.24 1.42 $ 28,281.00 3.47 $ 2014 5.29 $ 27846.24 1.50 5 3.97 5 30,027.00 5.78 5 38 2015 1.53 5 27721.26 30,176.00 39 4.25 $ 5.45 $ 1.49 5 31,653.00 40
