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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. Find the sample linear regression equation for the model. What is the intercept of the model? (Use two decimals)a.2365.7b.2.365c.No intercept d.2333.5
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