Following estimated demand equation for shoes in the United States over the period 1929 to 1991 has been reported in the research. VariableCoefficientsStandard Errort-valueIntercept19.575 Income...

Following estimated demand equation for shoes in the United States over the period 1929 to 1991 has been reported in the research. Variable Coefficients Standard Error t-value Intercept 19.575 Income per capita (X) 0.0289 (c) 9.3125 Price of the Shoes (P) -0.0923 0.05122 (b) Advertisement (A) 0.035 0.0152 2.324 R2 = 0.857 Using the above estimated regression table answer the following questions: Forecast the demand for shoes for the year 1962 if the forecast values of the independent/explanatory variable are those given in the following table.  Year X P A 1962 1646 20 1000 Calculated the t-value of the Price of shoes (P). Calculate the Standard error of Income per capita (X). Are coefficients (X, P and A) statistically significant? Interpret the R2 of the model.

Extracted text: ese items obtain a maxi O A:IV Section A - Long Questions - Answer 1 Question 8- Following estimated demand equation for shoes in the United States over the period 1929 to 1991 has been reported in the research. Variable Coefficients 19.575 Intercept Income per capita (X) Price of the Shoes (P) Advertisement (A) 0.0289 -0.0923 0.035 R² = 0.857 Using the above estimated regression table answer the following questions: a) Forecast the demand for shoes for the year 1962 if the forecast values of the independent/explanatory variable are those given in the following table. Year X 1962 1646 b) Calculated the t-value of the Price of shoes (Р). c) Calculate the Standard error of Income per сapita (X). d) Are coefficients (X, P and A) statistically significant? e) Interpret the R? of the model. 9- Following table presents the quarterly market share of Tasty Food Company ; Quarter Firm's Actu