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Using the linear regression model in order to analyse the correlation between the Gross Domestic Product and the household effective individual final consumption

Author

Listed:
  • Marian SFETCU

    („ARTIFEX”University of Bucharest)

  • Andreea – Ioana MARINESCU

    (Academia de Studii Economice din Bucuresti)

Abstract

This article aims to review the changes in gross domestic product compared to the progress of the household effective individual final consumption for the 1995-2015 period. By using a series of online data published by the National Institute of Statistics, we will analyse if there is a dependency relationship between the two variables and if so, we will also study the dependence type. By using the statistical-econometric model of simple linear regression, we will notice how a variable y, called dependent variable, can be described using another variable x, called independent variable.

Suggested Citation

  • Marian SFETCU & Andreea – Ioana MARINESCU, 2016. "Using the linear regression model in order to analyse the correlation between the Gross Domestic Product and the household effective individual final consumption," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(12), pages 74-78, December.
    • Handle: RePEc:rsr:supplm:v:64:y:2016:i:12:p:74-78
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    More about this item

    Keywords

    simple regression; GDP; dependent variable; final consumption;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative

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