None Dependent Variable: SAVINGSMethod: Least SquaresIncluded observations: 236VariableCoefficientStd. Errort-StatisticProb.C292.1558421.24800.6935480.4887INCOME0.0574470.001994 28.809650.0000R-squared0.780074Mean dependent var8946.390Adjusted R-squared0.779135S.D. dependent var9653.484S.E. of regression4536.783Akaike info criterion19.68626Sum squared resid4.82E+09Schwarz criterion19.71562Log likelihood-2320.979Hannan-Quinn criter.19.69810F-statisticProb(F-statistic)829.9961Durbin-Watson stat0.7826650.000000Savingst = a + ẞ Incomet + vt

Based on the regression output, here is a detailed analysis of the results:Coefficients Intercept…

Answered: Dependent Variable: SAVINGS Method:…

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4A: Problems In Applying The Linear Regression Model

Section: Chapter Questions

Problem 5E

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