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
Price: $2.99
Answer: The solution file consists of 3 pages
Solution Format: Word Document

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