Question
Date Income Consumption Q1, 2000 31192 28634 Q2, 2000 31438 28837 Q3, 2000 31719 29039 Q4, 2000 31742 29220 Q1, 2001 31940 29276 Q2, 2001
| Date | Income | Consumption |
| Q1, 2000 | 31192 | 28634 |
| Q2, 2000 | 31438 | 28837 |
| Q3, 2000 | 31719 | 29039 |
| Q4, 2000 | 31742 | 29220 |
| Q1, 2001 | 31940 | 29276 |
| Q2, 2001 | 31836 | 29282 |
| Q3, 2001 | 32504 | 29313 |
| Q4, 2001 | 32020 | 29685 |
| Q1, 2002 | 32728 | 29709 |
| Q2, 2002 | 32821 | 29795 |
| Q3, 2002 | 32696 | 29927 |
| Q4, 2002 | 32773 | 30014 |
| Q1, 2003 | 32796 | 30084 |
| Q2, 2003 | 33197 | 30351 |
| Q3, 2003 | 33657 | 30722 |
| Q4, 2003 | 33713 | 30887 |
| Q1, 2004 | 33893 | 31127 |
| Q2, 2004 | 34152 | 31261 |
| Q3, 2004 | 34247 | 31481 |
| Q4, 2004 | 34589 | 31725 |
| Q1, 2005 | 34183 | 31900 |
| Q2, 2005 | 34380 | 32178 |
| Q3, 2005 | 34469 | 32345 |
| Q4, 2005 | 34666 | 32386 |
| Q1, 2006 | 35380 | 32677 |
| Q2, 2006 | 35354 | 32777 |
| Q3, 2006 | 35363 | 32884 |
| Q4, 2006 | 35734 | 33134 |
| Q1, 2007 | 35889 | 33235 |
| Q2, 2007 | 35878 | 33273 |
| Q3, 2007 | 35880 | 33335 |
| Q4, 2007 | 35819 | 33292 |
| Q1, 2008 | 35998 | 33150 |
| Q2, 2008 | 36677 | 33134 |
| Q3, 2008 | 35747 | 32814 |
| Q4, 2008 | 35892 | 32344 |
| Q1, 2009 | 35752 | 32167 |
| Q2, 2009 | 35932 | 31957 |
| Q3, 2009 | 35456 | 32076 |
| Q4, 2009 | 35328 | 31999 |
| Q1, 2010 | 35293 | 32106 |
| Q2, 2010 | 35686 | 32308 |
| Q3, 2010 | 35791 | 32451 |
| Q4, 2010 | 35967 | 32717 |
| Q1, 2011 | 36346 | 32826 |
| Q2, 2011 | 36228 | 32836 |
| Q3, 2011 | 36347 | 32913 |
| Q4, 2011 | 36299 | 32959 |
| Q1, 2012 | 36832 | 33104 |
| Q2, 2012 | 37054 | 33105 |
| Q3, 2012 | 36963 | 33128 |
| Q4, 2012 | 37860 | 33156 |
| Q1, 2013 | 36226 | 33263 |
| Q2, 2013 | 36380 | 33280 |
| Q3, 2013 | 36522 | 33370 |
| Q4, 2013 | 36528 | 33585 |
| Q1, 2014 | 36872 | 33688 |
| Q2, 2014 | 37289 | 33946 |
| Q3, 2014 | 37587 | 34190 |
| Q4, 2014 | 37907 | 34508 |
| Q1, 2015 | 38033 | 34659 |
| Q2, 2015 | 38336 | 34850 |
| Q3, 2015 | 38571 | 35015 |
| Q4, 2015 | 38785 | 35147 |
| Q1, 2016 | 38927 | 35236 |
| Q2, 2016 | 39148 | 35550 |
| Q3, 2016 | 39354 | 35743 |
| Q4, 2016 | 39254 | 35987 |
The consumption function captures one of the key relationships in economic. It expresses consumption as a function of disposal income, where disposal income is income after taxes. The attached file "Regression Assignment - Dataset 1" shows data of average US annual consumption (in $) and disposable income (in $) for the years 2000 to 2016. 1. Find the sample linear regression equation for the model 2. In this model, the slope coefficient is called the marginal propensity to consume. Interpret its meaning 3. What is the predicted consumption if disposal income is $33,000?
When answering this assignment, include a full report that will include an abstract, introduction, theory, results and discussion. conclusions and references.
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Environmental Economics And Policy
Authors: Thomas H Tietenberg
5th Edition
0321348907, 9780321348906
