The real income suddenly drops by one dollar. What is the expected effect on monthly consumption?
The real income suddenly drops by one dollar. What is the expected effect on monthly consumption?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The real income suddenly drops by one dollar. What is the expected effect on monthly consumption?
![Question 1
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R
Square
Standard
0.999666
0.999333
0.999307
Error
Observations
39.51247
54
ANOVA
Significance
F
Df
S
MS
F
Regression
Residual
2 1.19E+08 59656970 38211.39
1.03E-81
51
79622.99
1561.235
Total
53
1.19E+08
Standard
Upper
95%
Lower
95.0%
Upper
95.0%
Coefficients
Error
t Stat
P-value
Lower 95%
15.44438
Intercept
Reall income
Real Wealth
-9.71491
12.53213
-0.7752 0.441801
-34.8742 15.44438
-34.8742
0.726461
0.01399
51.92536
7.96E-46
0.698374 0.754548
0.698374 0.754548
0.036411
0.002589
14.06532
3.48E-19
0.031214 0.041608 0.031214 0.041608](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffff592ec-a83c-470a-93a7-14ff8d8297fa%2F757ca4c4-71b9-4dd3-aa86-5ccccc145380%2Fasopxfn_processed.png&w=3840&q=75)
Transcribed Image Text:Question 1
SUMMARY OUTPUT
Regression Statistics
Multiple R
R Square
Adjusted R
Square
Standard
0.999666
0.999333
0.999307
Error
Observations
39.51247
54
ANOVA
Significance
F
Df
S
MS
F
Regression
Residual
2 1.19E+08 59656970 38211.39
1.03E-81
51
79622.99
1561.235
Total
53
1.19E+08
Standard
Upper
95%
Lower
95.0%
Upper
95.0%
Coefficients
Error
t Stat
P-value
Lower 95%
15.44438
Intercept
Reall income
Real Wealth
-9.71491
12.53213
-0.7752 0.441801
-34.8742 15.44438
-34.8742
0.726461
0.01399
51.92536
7.96E-46
0.698374 0.754548
0.698374 0.754548
0.036411
0.002589
14.06532
3.48E-19
0.031214 0.041608 0.031214 0.041608
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