(b) The following OLS regression results and White Heteroscedasticity Test are obtained from Eviews for the following regression model C = B% +BiYdu + B,W + B-IR + E. where C= real consumption expenditure Yd = real disposable personal income W = real wealth IR = real interest rate Dependent Variable: CONS Method: Least Squares Sample: 1947 2000 Included observations: 54 Variable Coefficient Std. Error t-Statistic Prob. -20.71811 12.83272 -1.614476 0.1127 YD 0.013758 0.002484 0.733991 53.34991 0.0000 0.035985 14.48563 0.0000
(b) The following OLS regression results and White Heteroscedasticity Test are obtained from Eviews for the following regression model C = B% +BiYdu + B,W + B-IR + E. where C= real consumption expenditure Yd = real disposable personal income W = real wealth IR = real interest rate Dependent Variable: CONS Method: Least Squares Sample: 1947 2000 Included observations: 54 Variable Coefficient Std. Error t-Statistic Prob. -20.71811 12.83272 -1.614476 0.1127 YD 0.013758 0.002484 0.733991 53.34991 0.0000 0.035985 14.48563 0.0000
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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