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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
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 $) and disposable income (in $) for the years 2000 to 2016. What is the predicted consumption if the disposable income is $31,192? (Use Two decimals)a.23656 $b.13544 $c.28769$d.24031 $
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