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Regression Analysis

The document shows demand, price, GDP, and other economic data from 1997 to 2010. It finds a strong correlation between new demand, price, and GDP over this period with R-squared and adjusted R-squared values close to 1. The regression analysis finds that new demand has a negative correlation with price (price elasticity around -0.17) and positive correlation with income/GDP (income elasticity around 0.66).

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Seerat Jangda
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65 views1 page

Regression Analysis

The document shows demand, price, GDP, and other economic data from 1997 to 2010. It finds a strong correlation between new demand, price, and GDP over this period with R-squared and adjusted R-squared values close to 1. The regression analysis finds that new demand has a negative correlation with price (price elasticity around -0.17) and positive correlation with income/GDP (income elasticity around 0.66).

Uploaded by

Seerat Jangda
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Year

1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010

New'Demand'(in'tonnes)
22101300
22957200
24020700
25081100
26318200
27643200
29179200
30545400
31984800
33403600
35171100
36961300
38788900
40965700

Price'per'kg

437.8249243
429.9086997
414.5299679
391.3703944
361.0429285
330.0196793
302.852717
304.206198
307.9587804
314.7385312
328.8239492
354.5925062
378.1236385
441.3912126

Price'Elasticity
-0.272747702
-0.257831369
-0.237601245
-0.214842317
-0.188877879
-0.164372803
-0.142901416
-0.137119961
-0.132564546
-0.129728405
-0.128722933
-0.132087206
-0.134216158
-0.148348015

GDP'(in'crore'rupees)
1.50838E+13
1.57326E+13
1.67841E+13
1.7866E+13
1.86423E+13
1.97261E+13
2.04829E+13
2.22276E+13
2.38877E+13
2.6161E+13
2.87112E+13
3.12972E+13
3.33937E+13
3.60652E+13

Income'Elasticity
0.592974356
0.595423129
0.607094444
0.618907288
0.61544176
0.620006056
0.609904983
0.632252964
0.648895306
0.680464568
0.709266603
0.735702256
0.748000203
0.764913903

-0.172997282
0.655660559
(average5price5elasticity) (average5income5elasticity)
SUMMARY5OUTPUT
Regression)Statistics
Multiple5R
0.998767332
R5Square
0.997536183
Adjusted5R5Square
0.997088216
Standard5Error
327329.9556
Observations
14
ANOVA
Regression
Residual
Total

df
2
11
13

SS
4.77182E+14
1.17859E+12
4.78361E+14

MS
2.38591E+14
1.07145E+11

F
2226.808617

Significance)F
4.50657E-15

Intercept
X5Variable51
X5Variable52

Coefficients
Standard)Error
15143266.35 751958.1449
-13768.24032 1769.753821
8.68849E-07
1.33733E-08

t)Stat
20.13844315
-7.779748889
64.9686757

P5value
4.96303E-10
8.50952E-06
1.42418E-15

Lower)95%
13488217.63
-17663.44222
8.39414E-07

Upper)95%
16798315.07
-9873.038426
8.98283E-07

Lower)95.0%
Upper)95.0%
13488217.63 16798315
-17663.44222 -9873.038
8.39414E-07 8.983E-07

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