Consumption Function
Source: Belsley (1991), Conditioning Diagnostics: Collinearity and
Weak data in Regression, New York: Wiley, Exhibit 5.10.
Taken From: Source
Dimension: 28 observations on 4 variables
Description: Annual aggregate consumption function for the U.S. for the
years 1947-1974.
Column Abrev. Description
1 t year
2 C(t-1) total consumption , 1958 dollars
3 DPI(t), disposable income, 1958 dollars
4
5 r(t) interset rate, (Moody's Aaa)
6 C(t) total consumption , 1958 dollars
Model: E{C(t)} = b0 + b1 C(t-1) + b2 DPI(t) + b3 r(t) + b4