Question
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
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 "Assignment 2 - Dataset " shows data of average US annual consumption (in $) and disposable income (in $) for the years 2000 to 2016. 1. Develop a Neural Network (NN) prediction model for consumption. 2. Rationalize the chosen structure of the model. 3. What is the predicted consumption if disposal income is $33,000? 4. Simulate the impact of the model variables. 5. Discuss the application of the biases in the activation functions and the application of the Deep Feedforward Neural Network. 6. What are the limitations of the model? Submit a PDF file for your answers as well as the python code (filename.py
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started