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Problem Set #4 Attached Files:  Project Scope -WBS Exercise.docx Project Scope -WBS Exercise.docx – Alternative Formats (21.753 KB) Scope Statement and

Problem Set #4

Attached Files:

Scope Statement and WBS with Activity List ExerciseInstructions for this exercise are provided within the attached exercise template.

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The aim of this exercise is to estimate the factors that determine the total energy consumption of individual households, which is measured in British

The aim of this exercise is to estimate the factors that determine the total energy consumption of individual households, which is measured in British Thermal Units (BTU). Our cross-sectional sample for the year 2015 includes 5686 households, and for each household, we will consider the following variables:Endogenous variablelog(TBTU) The logarithm of total household energy consumption (in BTU) in 2015Explanatory variablesEASST