Describe the craft beer industry in the US generally, and the state of Wisconsin specifically. How has this industry evolved? What trends do you see from the data you can find? What does this information mean to TGP? Model Set Up: You have been given a variety of data as well as information about many macroeconomic variables over the course of the semester. Identify your dependent variable and find at least five independent variables to include in your model. They may not all be in the spreadsheets I have provided. You may also follow the links from the FRED database and review the information from the macroeconomic presentations that are posted in D2L as well. For each independent variable: Provide a description of the variable, how you would expect it to interact with the dependent variable, and if it is not the ideal fit, what would the ideal variable look like. Provide a correlation matrix and explain why this matrix justifies using these variables in your model. Identify 3 variables that TGP could keep track of that would help it to analyze future demand. (These dont have to be things that would be easy to keep track of just legitimately helpful in predicting their demand curve.) Your Model: You may end up running many regressions before you decide on the best model.
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