The consumption function captures one of the key relationships in economics. It expresses consumption as a function of disposal income, where disposable income is income after taxes. The attached file Regression Dataset1 shows data of average US annual consumption (in S) and disposable income (in $) for the years 2000 to 2016. Find the sample linear regression equation for the model. What is the intercept of the model? (Use two decimals)

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The consumption function captures one of the key relationships in
economics. It expresses consumption as a function of disposal income,
where disposable income is income after taxes. The attached file
Regression Dataset1 shows data of average US annual consumption (in S)
and disposable income (in $) for the years 2000 to 2016. Find the sample
linear regression equation for the model. What is the intercept of the
model? (Use two decimals)
Transcribed Image Text:The consumption function captures one of the key relationships in economics. It expresses consumption as a function of disposal income, where disposable income is income after taxes. The attached file Regression Dataset1 shows data of average US annual consumption (in S) and disposable income (in $) for the years 2000 to 2016. Find the sample linear regression equation for the model. What is the intercept of the model? (Use two decimals)
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