Investment in technology, a main factor in economic growth, is increasing in the United States, and in most developing countries. Take a look at modern day devices, for example. Smart phones, referred to as cell phones back in the day,
Aggregate Income and Consumption Expenditure on Alcoholic Beverages (for off-premises consumption)
PURPOSE This assignment estimated a relationship between aggregate consumption and aggregate income by running an OLS regression in SAS. An Engel Curve is used to identify this relationship. The null hypothesis test states that a change in aggregate income will
Is greed good?
Motor Vehicle Related Expenditures and Disposable Income
Aggregate Engel Curve: Motor Vehicles-Related Expenditure and Disposable Income (1997 – 2015) Introduction This paper estimates how overall consumption of motor vehicles and related parts varies with disposable income across the fifty states. I began by collecting seven macroeconomic variables,
Real Disposable Income Per Capita on Peanut Butter Consumption
This assignment required the use of the USDA’s Economic Research Service Food Availability System as well as the FRED Economic Database. The former was used to find peanut consumption values from 1980 – 2012, and the latter was used to
Relationship Between Disposable Income and Gambling Consumption
For my Engel Curve, I estimated the effect of annual household disposable income (hdi) on annual gambling consumption expenditure (gamblingconsumption). It combines 24 between 1992-2015 (N=24) and was pulled from the FRED website. For this sample, the model predicted
Relationship between Real Personal Disposable Income vs. Used Cars
For my project, I decided to test the effect that changes in income would have on the consumption of used cars. I used data from the FRED database, using Real Personal Disposable Income per capita (using 2009 as a base
Aggregate Food Engel Curve
Engel Curve Assignment For this assignment I was interested in how aggregate food expenditures fluctuated with aggregate disposable income. I obtained annual aggregate food expenditure information, in 1988 dollars, dating from 1953-2014 from the website of the United States Department
Engel Curve Estimation for US Dairy Consumption
Estimating an Engel Curve for US Dairy Consumption Using OLS, this model estimates an Engel Curve examining the relationship between US dairy consumption and income. The data involved includes real disposable personal income per capita (RDPI) in the United States
Engel Curve: Median Income and Spending on Motor Vehicles and Parts (by State)
My Engel Curve attempts to examine the relationship between median household income (by state), and per capita consumption spending on motor vehicles and parts. The median household income by state is taken from a 2010 report by the Census Bureau,