$Yt=$ Demand amount of a good $($units$)x1t=$ consumer's wealth $x2t=$ consumer's income

The data given annually between $2000$ and $2005$

for the model $xt=0+1x1t+2x2t+ut$

Inverse matrices calculated by the method of

deviations from the averages and the following

information are given:

Estimate and interpret model parameters.

Create the ANOVA table for the model.

Test whether the X$1$t parameter of the model is significant by

establishing the necessary hypotheses and

Comment.

Test whether the model is statistically significant by establishing the

necessary hypotheses and Comment.