The Regression of Saving and Income,

in simple •  6 years ago 

Data
The following table shows 31 observations on saving and income.
data.png
The regression of saving and income
First of all, the saving is regressed on income to obtain the coefficient estimates by using simple regression.
data1.png
Mean of saving = = 1250.322581
Mean of income = = 22423.03226
B1= ∑▒〖xy/〗 x^2 = 0.084665008
B0= (_y^-) -B(_x^-) = -648.1236144
S= -648.123 + 0.0846Y

simple regression basic econometric economics
6 years ago by

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