The regression results below show the relationship between GDP (Y) and private consumption (X) for Thailand from year 1993 to 2019. (n=27) Model 1: Ý, = 0.5695 + 0.1968X; se = (0.0551) (0.7591) R= 0.8671 Model 2: InY, = -0.3965 + 0.9120X; se = (0.8411) (0.7025) R = 0.9361

The regression results below show the relationship between GDP (Y) and private consumption (X) for Thailand from year 1993 to 2019. (n=27) Model 1: Ý, = 0.5695 + 0.1968X; se = (0.0551) (0.7591) R= 0.8671 Model 2: InY, = -0.3965 + 0.9120X; se = (0.8411) (0.7025) R = 0.9361

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Test whether the slope coefficient in both Model is statistically significant at 10% significance level.

Ouestion 3
The regression results below show the relationship between GDP (Y) and private consumption (X) for
Thailand from year 1993 to 2019. (n=27)
Model 1: Ý, = 0.5695 + 0.1968X;
se = (0.0551) (0.7591)
%3D
R? = 0.8671
Model 2: InY = -0.3965 + 0.9120X;
se = (0.8411) (0.7025)
%3D
R = 0.9361

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