An Economist Is Interested To See How Consumption For An Economy In Billions Is Influenced By Gross Domestic Product 1 (22.99 KiB) Viewed 38 times
An Economist Is Interested To See How Consumption For An Economy In Billions Is Influenced By Gross Domestic Product 2 (71.82 KiB) Viewed 38 times
An economist is interested to see how consumption for an economy (in $ billions) is influenced by gross domestic product ($ billions) and aggregate price (consumer price index). The Microsoft Excel output of this regression is partially reproduced in the accompanying tables. To test whether aggregate price index has a positive impact on consumption, what is the p-value? Click the icon to view the Excel output CITE A. 0.0001 OB. 0.8330 OC. 0.5835 OD. 0.4165
SUMMARY OUTPUT Multiple R R Square Adjusted R Square Standard Error Observations Regression Residual Total Intercept GDP Price Regression Statistics 0.991 0.982 0.976 0.299 10 df SS 2 33.4163 0.6277 34.0440 27 9 Coeff -0.0861 0.7654 -0.0006 ANOVA MS 16.7082 0.0897 StdError 0.5674 0.0574 0.0028 F 186.325 t Stat -0.152 13.340 -0.219 Signif F 0.0001 P-value 0.8837 0.0001 0.8330
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