Problem
The cig consume dataset contains 48 states annual data for 1985-1995. Fit an FE model of demand for cig consume packpc. as a function of price (agars)and per capita income (incept). What are the expected signs? Are they borne out by the estimates? If not. How might you explain the estimated coefficients? Can you reject the pooled OLS model of demand?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.