use both R code and comments in detail to explain question1.
Year Beef.Consumption Price Income Pork.Consumption
1922 59.1 23.1 45265.7
1923 59.6 23.6 505 74.2
1924 59.5 24.1 499 74
1925 59.5 24.5 507 66.8
1926 60.3 24.8 515 64.1
1927 54.5 26.5 520 67.7
1928 48.7 30.5 533 70.9
1929 49.7 32 556 69.6
1930 48.9 30.3 506 67
1931 48.6 27.6 474 68.4
1932 46.7 25.5 400 70.7
1933 51.5 23.3 394 69.6
1934 55.9 24.4 430 63.1
1935 52.9 31.1 468 48.4
1936 58.1 28.9 522 55.1
1937 55.2 31.7 537 55.8
1938 54.4 28.5 502 58.2
1939 54.7 29.7 542 64.7
1940 54.9 29.5 575 73.5
1941 60.9 30 663 68.4
sorry，I tried to fix it well but it didn’t work.1. Beef consumption (in pounds per capita) in the United States between 1922 and 1941 are given in the data set beef.txt. Other variables of interest are beef price in cents per pound divided by CPI), income (disposable income per capita in dollars divided by the CPI), and pork consumption (pounds per capita). (CPI= Consumer price index]. Find a model that “best” describes beef consumption in the United States. Complete a full analysis of the data (initial plots, model selection, residual plots etc.). Discuss your results. Show transcribed image text 1. Beef consumption (in pounds per capita) in the United States between 1922 and 1941 are given in the data set beef.txt. Other variables of interest are beef price in cents per pound divided by CPI), income (disposable income per capita in dollars divided by the CPI), and pork consumption (pounds per capita). (CPI= Consumer price index]. Find a model that “best” describes beef consumption in the United States. Complete a full analysis of the data (initial plots, model selection, residual plots etc.). Discuss your results.
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Answer to use both R code and comments in detail to explain question 1. Year Beef.Consumption Price Income Pork.Consumption 1922 5…