Demand estimation using linear regression

Y X1 X2 X3
City Number of weekly riders Price per week Population of city Monthly income of riders
1 192,000 $15 1,800,000 $5,800
2 190,400 $15 1,790,000 $6,200
3 191,200 $15 1,780,000 $6,400
4 177,600 $25 1,778,000 $6,500
5 176,800 $25 1,750,000 $6,550
6 178,400 $25 1,740,000 $6,580
7 180,800 $25 1,725,000 $8,200
8 175,200 $30 1,725,000 $8,600
9 174,400 $30 1,720,000 $8,800
10 173,920 $30 1,705,000 $9,200
11 172,800 $30 1,710,000 $9,630
12 163,200 $40 1,700,000 $10,570
13 161,600 $40 1,695,000 $11,330
14 161,600 $40 1,695,000 $11,600
15 160,800 $40 1,690,000 $11,800
16 159,200 $40 1,630,000 $11,830
17 148,800 $65 1,640,000 $12,650
18 115,696 $102 1,635,000 $13,000
19 147,200 $75 1,630,000 $13,224
20 150,400 $75 1,620,000 $13,766
21 152,000 $75 1,615,000 $14,010
22 136,000 $80 1,605,000 $14,468
23 126,240 $86 1,590,000 $15,000
24 123,888 $98 1,595,000 $15,200
25 126,080 $87 1,590,000 $15,600
26 151,680 $77 1,600,000 $16,000
27 152,800 $63 1,610,000 $16,200
average 160,026 $49.93

To generate the linear regression do the following:

1. Click on Data, then "Data Analysis," and select Regression.
2. In the Input Y Range, select B5:B31
3. In the Input X Range, select C5:F31
4. Under Output Options, choose "New Worksheet Ply" option, then click OK.
 X4
Average parking rates per month
$50
$50
$60
$60
$60
$70
$75
$75
$75
$80
$80
$80
$85
$100
$105
$105
$105
$110
$125
$130
$150
$155
$165
$175
$175
$190
$200