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    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

    Cheers
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    I'm hoping to study economics this year, but I'm getting scared just looking at those equations!
 
 
 
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