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Regression Analysis: Travel Cost Method for Wrightsville Beach (1) [50 points total] Problem (1) requires you to estimate regressions to estimate a Travel Cost Demand

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Regression Analysis: Travel Cost Method for Wrightsville Beach (1) [50 points total] Problem (1) requires you to estimate regressions to estimate a Travel Cost Demand Model of beach recreation. The data set for the assignment is in the spreadsheet \"Wrightsville Beach data.xlsx\" and can be found in the Assignments folder of the CTools site. The data set has 151 observations on household recreational trips to Wrightsville Beach. (a) Estimate a regression of the form: QD = a + BITCWB + BzTCOB + B3INCOME + B4RATING + e Where: QD = beach trips in 2003 (number of trips) TCWB = travel cost to Wrightsville Beach ($ltrip) TCOB = travel cost to Outer Banks ($/trip) INCOME = annual household income ($ Thousands/year) RATING = subjective rating scale (no units, a 1-5 scale) and or , B1, B2, B3, and B4 are coefficients to be estimated in the regression. Submit the \"SUMMARY OUTPUT\" from this regression to demonstrate that it was completed. (b) Which of the coefficient estimates for 0t , B1, B2, B3, and B4 are signicantly different from 0 at the 0.10 level? Explain

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