You are a consultant who works for the Diligent Consulting Group. In this Case, you are engaged on a consulting basis by Loving Organic Foods. In order to get a better idea of what might have motivated customersâ€™ buying habits you are asked to analyze the factors that impact organic food expenditures. You performed a simple linear regression analysis in the Module 3 Case. Now, you are adding a layer of complexity to that analysis and including more independent variables in your model.Using Excel, generate regression estimates for the following model:Annual Amount Spent on Organic Food = Î± + b1Age + b2AnnualIncome + b3Number of People in Household + b4GenderAfter you have reviewed the results from the estimation, write a report to your boss that interprets the results that you obtained. Please include the following in your report:Log(Annual Amount Spent on Organic Food) = Î± +b1Age + b2Log(AnnualIncome)+ b3Number of People in Household + b4GenderWritten ReportLength requirements: 3 pages minimum (not including Cover and Reference pages). Note: You must submit 3 pages of written discussion and analysis.Provide a brief introduction to/background of the problem, similar to the introduction/background you provided in Module 1 through 3 Case submissions.Provide a brief comparison of simple linear regression and multiple linear regression.Provide a written analysis that addresses each of requirements listed under the â€œCase Assignmentâ€ section.Write clearly, simply, and logically. Use double-spaced, black Verdana or Times Roman font in 12 pt. type size.Please use keywords as headings to organize the report.Avoid redundancy and general statements such as “All organizations exist to make a profit.” Make every sentence count.Paraphrase the facts using your own words and ideas, employing quotes sparingly. Quotes, if absolutely necessary, should rarely exceed five words.Upload both your written report and Excel file to the Case 4 Dropbox.
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