Time Period

Gross Domestic Investment (in billion US $)

M1 (in billion US $)

1990

60.8

1.679637

1991

73.36

2.325977

1992

84.69

2.815987

1993

115.27

3.52764

1994

131.55

4.255014

1995

75.49

5.068065

1996

88.6

6.543526

1997

113.08

8.542756

1998

124.75

10.97416

1999

135.53

13.73541

2000

162.52

16.56387

2001

157.66

21.4191

2002

159.87

23.37026

2003

153.86

24.93642

2004

168.14

26.79003

2005

194.15

29.1632

2006

222.61

34.25505

2007

243.37

37.82107

2008

267.58

43.19938

2009

206.01

48.0865

2010

241.11

52.32529

2011

274.83

60.84918

2012

286.9

72.7664

2013

286.67

82.50158

2014

287.92

91.59879

2015

272.47

100

2016

256.2

104.7979

2017

265.96

112.5694

2018

277.68

120.444

2019

269.35

123.8285

Sources:

SUMMARY OUTPUT

Regression Statistics

Multiple R

0.880734518

R Square

0.775693292

Adjusted R Square

0.767682338

Standard Error

160.0427103

Observations

30

ANOVA

df

SS

MS

F

Significance F

Regression

1

2480148.015

2480148.015

96.82907993

1.37194E-10

Residual

28

717182.7355

25613.66913

Total

29

3197330.75

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

517.9368574

43.34178449

11.95005844

1.64365E-12

429.1552365

606.7184783

Money Demand

7.343979969

0.746326016

9.840176824

1.37194E-10

5.815200427

8.872759511

Md & Output Equation:

=517.94 + 7.34MD

Md & Output Interpretation:

Intercept or a

X variable or b

Conclusion:

What kind of relationship exists between Md & Output in the country of choice - provide justification