Is there a particular product that is an indicator of per capita consumption around the world? Sh
Question: 5. Is there a particular product that is an indicator of per capita consumption around the world? Shown here are data on per capita consumption, paper consumption, fish consumption, and gasoline consumption for nine countries. Use the data to determine the equation of the multiple regression model to predict per capita consumption by paper consumption, fish consumption, and gasoline consumption. Discuss the impact of increasing paper consumption by 1 unit on the predicted per capita consumption. Discuss the impact of a 1-unit increase in fish consumption on the predicted per capita consumption and the impact of a 1-unit increase in gasoline consumption on the predicted per capita consumption.
Country | Per Capita Consumption | Paper Consumption (kg per 1,000 people) | Fish Consumption (pounds) | Gasoline Consumption (1,000 barrels per day) |
Japan | $19,700 | 76,892 | 158.7 | 5,454 |
Portugal | 5,570 | 24,126 | 132.7 | 277 |
United States | 16,500 | 84,579 | 47.0 | 17,033 |
Venezuela | 2,090 | 6,860 | 31.1 | 430 |
Greece | 4,490 | 15,641 | 42.1 | 331 |
Italy | 10,790 | 43,098 | 44.3 | 1,936 |
Norway | 13,400 | 41,575 | 90.6 | 183 |
United Kingdom | 9,040 | 52,335 | 43.9 | 1,803 |
Philippines | 640 | 940 | 76.3 | 235 |
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Answer: The solution file consists of 3 pages
Solution Format: Word Document![](/images/msword.png)
Solution Format: Word Document
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