SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9876566455
R Square 0.9754656494
Adjusted R Square 0.9662652679
Standard Error 3.3111611143
Observations 12

ANOVA
df SS MS F Significance F
Regression 3 3487.2896966 1162.43 106.0245 8.829E-07
Residual 8 87.7103034005 10.96379
Total 11 3575

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%

Intercept 294.60444309 90.0585411821 3.271255 0.011335 86.92907 502.2798 86.92907
PX -8.551333741 8.73138361802 -0.979379 0.356077 -28.68594 11.58327 -28.68594
M -0.394217064 3.31756015007 -0.118827 0.908342 -8.044524 7.25609 -8.044524
PR -128.194665 25.316100721 -5.06376 0.000973 -186.5737 -69.81563 -186.5737

Qd = a+bP+cM+dPr
294.60 -8.55Px-0.39M-128.19PR

Forecast
Px = 2
M= 5
PR =1
Qd=294.60-8.55*2-0.39*5-128.19*1
Qd 147

Ed -0.1163265306 normal slope*P/Q

Em -0.0132653061 inferior Slope*M/Q
EXR -0.8720408163 complemenslope*PR/Q
Upper 95.0%
502.2798
11.58327
7.25609
-69.81563
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9798102276
R Square 0.9600280821
Adjusted R 0.9450386128
Standard E 0.0565486361
Observatio 12

ANOVA
df SS MS F Significance F
Regression 3 0.61441697467 0.204806 64.04684 6.181E-06
Residual 8 0.02558198593 0.003198
Total 11 0.6399989606

Coefficients Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%Upper 95.0%
Intercept 7.070565401 2.63320092552 2.68516 0.027704 0.998393 13.14274 0.998393 13.14274
LNPX -0.3255732984 0.2080553558 -1.56484 0.156251 -0.80535 0.154203 -0.80535 0.154203
LNM -0.5127250629 0.87078567408 -0.588807 0.572236 -2.52076 1.49531 -2.52076 1.49531
LNPR -2.9579519067 0.73198870646 -4.04098 0.003731 -4.645921 -1.269983 -4.645921 -1.269983

ED -0.33
EM -0.51
EXR -2.95

WHEN THE DATA ARE TAKEN IN LN FORM THEN ALL THE VARIABLES APPEAR IN % FORM
SLOPES BECOME ELASTICITY
Upper 95.0%
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9876566455
R Square 0.9754656494
Adjusted R 0.9662652679
Standard E 3.3111611143
Observatio 12

ANOVA
df SS MS F Significance F
Regression 3 3487.2896966 1162.4298989 106.0244787 8.828634E-07
Residual 8 87.7103034005 10.963787925
Total 11 3575

Coefficients Standard Error t Stat P-value Lower 95% Upper 95%Lower 95.0%
Intercept 294.60444309 90.0585411821 3.2712548884 0.011334935 86.929074711 502.2798 86.92907
PX -8.551333741 8.73138361802 -0.9793789982 0.356077426 -28.68594047 11.58327 -28.68594
M -0.394217064 3.31756015007 -0.1188274051 0.908341718 -8.0445244886 7.25609 -8.044524
Py -128.194665 25.316100721 -5.0637602706 0.000972502 -186.57369799 -69.81563 -186.5737

qd a+bP+cM+dPy
qd 294.60 -8.55P -0.39M -128.19Py put a hypothetical value of P, M, and Py. You will get demand and

Steps Ed slope*P/Q
data Em Slope* M/Q
data analysis Exy Slope*Py/Q
y range, Dependent variable
x Range, Independent varaibles
select level
select 5% significance level
Click OK
 Upper 95.0%
502.2798
11.58327
7.25609
-69.81563

You will get demand and then calculate elasticity.

CITY QX PX M Py LNQX LNPX LNM LNPY
1 50 1.5 12 1.8 3.91202300543 0.405465 2.48490665 0.5877866649
2 80 1.35 14 1.55 4.38202663467 0.300105 2.63905733 0.4382549309
3 95 1.25 15 1.45 4.5538768916 0.223144 2.708050201 0.3715635564
4 105 1.2 16 1.35 4.65396035016 0.182322 2.772588722 0.3001045925
5 70 1.3 13 1.6 4.24849524205 0.262364 2.564949357 0.4700036292
6 85 1.5 14 1.5 4.44265125649 0.405465 2.63905733 0.4054651081
7 55 1.45 13 1.7 4.00733318523 0.371564 2.564949357 0.5306282511
8 60 1.35 13 1.7 4.09434456222 0.300105 2.564949357 0.5306282511
9 75 1.25 13.7 1.6 4.31748811354 0.223144 2.617395833 0.4700036292
10 90 1.2 14 1.5 4.49980967033 0.182322 2.63905733 0.4054651081
11 100 1.45 15.2 1.35 4.60517018599 0.371564 2.721295428 0.3001045925
12 65 1.1 13.6 1.65 4.1743872699 0.09531 2.610069793 0.5007752879
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.9798102276
R Square 0.9600280821
Adjusted R Square 0.9450386128
Standard Error 0.0565486361
Observations 12

ANOVA
df SS MS F Significance F
Regression 3 0.614417 0.204806 64.04684 6.181E-06
Residual 8 0.025582 0.003198
Total 11 0.639999

Coefficients Standard Error t Stat
Intercept 7.070565401 2.633201 2.68516
LNPX -0.325573298 0.208055 -1.56484
LNM -0.512725063 0.870786 -0.588807
LNPY -2.957951907 0.731989 -4.04098
P-value Lower 95% Upper 95% Lower 95.0%
0.027704 0.998393 13.142737624 0.9983931779
0.156251 -0.80535 0.1542032125 -0.8053498092
0.572236 -2.52076 1.4953103024 -2.5207604282
0.003731 -4.645921 -1.2699829227 -4.6459208907
Upper 95.0%
13.14274
0.154203
1.49531
-1.269983
LNQX LNPX LNM LNPY
3.912023 0.405465 2.48490665 0.587786665
4.382027 0.300105 2.63905733 0.438254931
4.553877 0.223144 2.708050201 0.371563556
4.65396 0.182322 2.772588722 0.300104592
4.248495 0.262364 2.564949357 0.470003629
4.442651 0.405465 2.63905733 0.405465108
4.007333 0.371564 2.564949357 0.530628251
4.094345 0.300105 2.564949357 0.530628251
4.317488 0.223144 2.617395833 0.470003629
4.49981 0.182322 2.63905733 0.405465108
4.60517 0.371564 2.721295428 0.300104592
4.174387 0.09531 2.610069793 0.500775288