Dependent Variable: SAVINGS Method: Least Squares Included observations: 236 Variable Coefficient Std. Error t-Statistic Prob. C 292.1558 421.2480 0.693548 0.4887 INCOME 0.057447 0.001994 28.80965 0.0000 R-squared 0.780074 Mean dependent var 8946.390 Adjusted R-squared 0.779135 S.D. dependent var 9653.484 S.E. of regression 4536.783 Akaike info criterion 19.68626 Sum squared resid 4.82E+09 Schwarz criterion 19.71562 Log likelihood -2320.979 Hannan-Quinn criter. 19.69810 F-statistic Prob(F-statistic) 829.9961 Durbin-Watson stat 0.782665 0.000000 Savingst = a + ẞ Incomet + vt
Dependent Variable: SAVINGS Method: Least Squares Included observations: 236 Variable Coefficient Std. Error t-Statistic Prob. C 292.1558 421.2480 0.693548 0.4887 INCOME 0.057447 0.001994 28.80965 0.0000 R-squared 0.780074 Mean dependent var 8946.390 Adjusted R-squared 0.779135 S.D. dependent var 9653.484 S.E. of regression 4536.783 Akaike info criterion 19.68626 Sum squared resid 4.82E+09 Schwarz criterion 19.71562 Log likelihood -2320.979 Hannan-Quinn criter. 19.69810 F-statistic Prob(F-statistic) 829.9961 Durbin-Watson stat 0.782665 0.000000 Savingst = a + ẞ Incomet + vt
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:Dependent Variable: SAVINGS
Method: Least Squares
Included observations: 236
Variable
Coefficient
Std. Error
t-Statistic
Prob.
C
292.1558
421.2480
0.693548
0.4887
INCOME
0.057447
0.001994 28.80965
0.0000
R-squared
0.780074
Mean dependent var
8946.390
Adjusted R-squared
0.779135
S.D. dependent var
9653.484
S.E. of regression
4536.783
Akaike info criterion
19.68626
Sum squared resid
4.82E+09
Schwarz criterion
19.71562
Log likelihood
-2320.979
Hannan-Quinn criter.
19.69810
F-statistic
Prob(F-statistic)
829.9961
Durbin-Watson stat
0.782665
0.000000
Savingst = a + ẞ Incomet + vt
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