For this assignment I used per capita real disposable personal income from FRED as my measure of overall income for the United States. The good that I decided to examine is total alcohol consumption per capita, measured in gallons of
Time-Series Analysis: Median Family Income vs. Total U.S. Motor Gasoline Demand
For the Engel Curve assignment, I chose to analyze the relationship between Median Family Income in the United States (MEFAIN) and Total U.S. Demand for motor gasoline (MPGUS) from 1985 to 2013. Median Family Income data is inflation adjusted and
SAS Assignment observing food consumption patterns in an Engel Curve
For my regression I observed food consumption rates in dollars, plotted against income level as the explanatory variable. I used a measurement of income before taxes separated into 9 different brackets: <$15,000, <$30,000, <$40,000, <$50,000, <$70,000, <$100,000, <$150,000, <$200,000, and <$250,000.
Estimating the Effects of Income on Used Car Purchases
The purpose of this assignment was to estimate an Engel curve on used car purchases. Using data from the Bureau of Labor Statistics, I was able to estimate that a $1 increase in income will increase the average amount spent
Income on consumption of motor vehicles and vehicle parts
Time Series in United States between 1999 and 2015 This model attempted to derive an Engle curve for the demand of motor vehicles in the United States. Before addressing the results of the regression, we must define our variables. Our
Relationship Between Income and Alcohol Sales
Time-Series Study of Alcohol Sales With this project I attempted to see if real median income in the United States had any sort of effect on alcohol sales. My thinking is that as income rises, people will party more,
Relationship between Honda Civic sales and Income
For this estimation of an Engel Curve, I wanted to use a good that was not clearly a normal or inferior good. For this purpose, I used monthly Honda Civic sales since 2010 as my dependent variable. To estimate income,
Engel Curve for away from home food expenditures
I chose to determine how much aggregate away from home food expenditures varied with changes in aggregate disposable income in the United States between 1929 and 2014. Given that this was a time-series analysis, positive autocorrelation was a concern prior
Relationship between Real Disposable Income per capita and Total Sales of cars in the US
To estimate an Engel curve, I will look at the relationship between real disposable income per capita in the US and the total sales of car in the US from 1976 to 2016 with monthly data. I’m expecting for income
The Effect of Change in Income on Gasoline Consumption
As one of the necessities for many people, it is always interesting to see how the consumption of gasoline would response to the changes in income. For this assignment, I attempted to analyze the effect of income to gasoline