# assignment 1_17Jan2019 - Student name Thu Huyen Le Student...

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Student name: Thu Huyen Le Student ID: 0901039 Assignment 1: Table 7.12 – Real Consumption Expenditure, Real Income, Real Wealth and Real Interest Rate for the US, 1944-2000. Model 1: OLS, using observations 1948-2000 (T = 53) Dependent variable: C C t = 0.42 + 1.03 C t-1 Coefficient Std. Error t-ratio p-value const 0.424913 15.6618 0.02713 0.9785 C_1 1.03513 0.00494929 209.1 <0.0001 ** * Mean dependent var 2924.430 S.D. dependent var 1491.444 Sum squared resid 134703.8 S.E. of regression 51.39309 R-squared 0.998835 Adjusted R-squared 0.998813 F(1, 51) 43742.28 P-value(F) 1.71e-76 Log-likelihood −282.97 81 Akaike criterion 569.9562 Schwarz criterion 573.8968 Hannan-Quinn 571.4715 Rho 0.430366 Durbin's h 3.135150 Model 4: OLS, using observations 1948-2000 (T = 53) Dependent variable: C

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C t = -2.08 – 1.4 t + 1.05 C t-1 Coefficient Std. Error t-ratio p-value const −2.0792 3 16.4077 −0.1267 0.8997 time −1.4038 9 2.54030 −0.5526 0.5830 C_1 1.04993 0.0272439 38.54 <0.0001 ** * Mean dependent var 2924.430 S.D. dependent var 1491.444 Sum squared resid 133885.9 S.E. of regression 51.74668 R-squared 0.998843 Adjusted R-squared 0.998796 F(2, 50) 21573.43 P-value(F) 3.87e-74 Log-likelihood −282.81 67 Akaike criterion 571.6334 Schwarz criterion 577.5443 Hannan-Quinn 573.9065 Rho 0.418473 Durbin's h 3.108282 Model 7: OLS, using observations 1948-2000 (T = 53) Dependent variable: d_C ∆C
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