Is there a particular product that is an indicator of per capita personal consumption for countries around the world? Shown on the next page are data on per capita personal consumption, paper consumption, fish consumption, and gasoline consumption for 11 countries. Use the data to develop a multiple regression model to predict per capita personal consumption by paper consumption, fish consumption, and gasoline consumption. Discuss the meaning of the partial regression weights.
Per Capita
Personal
Paper
Fish
Gasoline
Consumption
Country
($ U.S.)
(kg per person)
(lbs per person)
(liters per person)
Bangladesh
836
1
23
2
Greece
3,145
85
53
394
Italy
21,785
204
48
368
Japan
37,931
250
141
447
Kenya
276
4
12
16
Norway
1,913
156
113
477
Philippines
2,195
19
65
43
Portugal
3,154
116
133
257
United Kingdom
19,539
207
44
460
United States
109,521
308
47
1,624
Venezuela
622
27
40
528
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