In a study of the relationship between real aggregate consumption and prices in a specific country based on a time series of 104 observations, the
In a study of the relationship between real aggregate consumption and prices in a specific country based on a time series of 104 observations, the following OLS regression function was obtained (standard errors in parentheses), Ct = 13.74 + 0.24Pt, R2 = 0.12, SER = 2.85, (1) (0.35) (0.05) where C, is logarithm of consumption and P is logarithm of price
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