Join TSR now and get answers to all your questions about uniSign up now
    • Thread Starter

    Hello everyone !!

    This is my first post on The Student Room. I am studying economics at Strathclyde university and I am in second year. I am currently working on a macroeconomics assignment that must be done using excel, notably with the use of regressions.
    Here is the question I am stuck on:

    Task 3/ For the period 1969 to 2006, estimate the following models for UK both
    consumers spending and consumer spending per capita
    i) ct = a0 +a1y^Dt + et
    ii) ct = b0 +b1y^Dt + b2HPt + et
    Tabulate the coefficient estimates, t statistics, adjusted R2 statistic and Durbin Watson statistic for each model. Provide a short discussion of these results.

    I know how to find the results but I have no understanding of what these models are. If anyone can explain what these 2 models represent before friday I would be forever greatful


    I'm hoping to study economics this year, but I'm getting scared just looking at those equations!
Which Fantasy Franchise is the best?

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Quick reply
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.