Question
The Australian Government has developed a survey to enable it to gauge the views of the Australian public regarding Climate Change. The survey consists of
The Australian Government has developed a survey to enable it to gauge the views of the Australian public regarding "Climate Change". The survey consists of a sample of 400 Australian Citizens and Permanent Residents regarding their views on a wide range of Climate Change topics. The Government intends to use the results of the survey to assist in the formulation of government policy for the next 30 years. The variables used in the dataset are as follows: Variable Name Explanation Options Monthly_Payment Amount willing to pay monthly ($) in order to have net zero electricity bills through renewable energy (e.g. Solar panels with battery) Age Your Age in Years Support Belief that Australia should financially support developing countries in their efforts to address Climate Change {Yes, No} Govt_Policy How happy you are with the Australian Government's current policies on Climate Change {Very Dissatisfied, Dissatisfied, Unsure/Unfamiliar, Satisfied, Very Satisfied} Energy_Source Which Energy Source you believe should be Australia's largest contributor to national Electricity generation {Solar, Hydro, Wind, Coal, Gas, Oil, Nuclear, Other Renewable}
For the scenario outlined below, describe a Statistical Technique that would be appropriate. Justify your answer. Note: No actual calculations are required.
To predict the amount people would be prepared to pay in order to have net zero electricity bills through renewable energy using other variables.
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