The consumption function is one of the key relationships in economics, where consumption y depends on disposable income...
The consumption function is one of the key relationships in economics, where consumption y depends on disposable income x. Consider the quarterly data for these seasonally adjusted variables, measured in billions of dollars.
A portion of the data is shown in the accompanying table. Date Consumption Disposable Income
| DATE | Consumption | Disposable Income |
| 2006:01 | 9144.90 | 9705.21 |
| 2006:04 | 9263.60 | 9863.81 |
| 2006:07 | 9262.60 | 9982.51 |
| 2006:10 | 9484.00 | 10111.23 |
| 2007:01 | 9635.00 | 10255.48 |
| 2007:04 | 9758.70 | 10358.61 |
| 2007:07 | 9854.20 | 10456.95 |
| 2007:10 | 9986.50 | 10623.42 |
| 2008:01 | 10071.30 | 10764.62 |
| 2008:04 | 10142.10 | 11129.26 |
| 2008:07 | 10263.50 | 11004.69 |
| 2008:10 | 9967.90 | 10913.26 |
| 2009:01 | 9911.40 | 10879.77 |
| 2009:04 | 9921.10 | 11090.92 |
| 2009:07 | 10077.30 | 11046.96 |
| 2009:10 | 10159.50 | 11121.67 |
| 2010:01 | 10250.20 | 11215.57 |
| 2010:04 | 10286.70 | 11367.96 |
| 2010:07 | 10339.50 | 11415.06 |
| 2010:10 | 10522.50 | 11514.68 |
a-1. Estimate Consumption = β0 + β1 Disposable Income + ε. (Round your answers to 2 decimal places.)
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The consumption function is one of the key relationships in economics, where consumption y depends on disposable income...
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The code should work exactly the same as given example.
The files:
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-------- FILE NAME -------
album0
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323
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70
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and there stood the Queen in front of them, with her arms
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115
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<album>
414
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Use the data to answer:
1. What is the difference gross domestic product (GDP) and gross
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2. Based on the table, what calculations must you make to determine
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