In the tutorial classes we constructed, using Excel, a simple linear regression model of the demand for beef. The model was of the form:Where QB was defined as the quantity (volume, 2001=100) of beef (all beef); PB was defined as the average price ($/lb) of beef (all beef) and Y was defined as disposable personal income.Using the Livestock Marketing Information Centre and the US Bureau of Economic Analysis websites collect data for January 2004 to December 2007 so that you can estimate the regression modelWhere:QC is the quantity (volume, 2001=100) of chicken (all chicken)PC is the average price of chicken (all chicken) ($/lb)Using the Livestock Marketing Information Centre and the US Bureau of Economic Analysis websites collect data for January 2004 to December 2007 so that you can estimate the regression modelWhere:QC the quantity (volume, 2001=100) of chicken (all chicken)PC is the average price of chicken (all chicken) ($/lb)PT is the average price of turkey (all turkey) ($/lb)PP is the average price of pork (all pork) ($/lb)Y is disposable personal income