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The data below is the average personal income and personal consumption expenditures based on a survey conducted in the United States over 15 consecutive years.Analyze
The data below is the average personal income and personal consumption expenditures based on a survey conducted in the United States over 15 consecutive years.Analyze the data as cross sectional data (i.e. use linear regression). (Hint: don't forget to check if check the conditions for inference!).
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