It is believed that the sales volume of one-liter Pepsi bottles depends on the price of the bottle and the price of a one-liter bottle of Coca-Cola. The following data have been collected for a certain sales region.Pepsi SalesPepsi PriceCola Price Pepsi SalesPepsi PriceCola Price11,4530.791.59 6,0031.341.1410,9820.841.69 5,5971.391.1911,1300.841.59 5,4051.441.149,9800.891.64 4,9601.491.149,8500.891.49 4,6101.541.099,8100.941.79 4,2341.590.999,6500.991.54 4,0831.641.098,0101.041.39 3,8891.690.947,8641.091.64 3,6051.791.047,7911.141.59 3,7101.840.997,3321.141.24 3,5331.840.997,5081.191.29 3,3951.890.946,6341.191.29 3,2291.940.89The linear model Pepsi Sales = ?0 + ?1Pepsi Price + ?2Cola Price + ? and the log-log model ln(Pepsi Sales) = ?0 + ?1ln(Pepsi Price)
+ ?2ln(Cola Price) + ? have been estimated as follows:VariableLinear ModelLog-Log ModelIntercept10,982.52238.9703Pepsi Price?5,528.7557N/ACola Price2,364.5870N/Aln(Pepsi Price)N/A?1.2709ln(Cola Price)N/A0.2692 R20.95680.9904Adjusted R20.95310.9895Standard Error se594.22990.0434What is the estimated linear regression model?
What will be an ideal response?
= 10,982.5223 ? 5,528.7557Pepsi Price + 2,364.5870Cola Price
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