Hello, Using the Consumer Expenditure Surveys (CE) , I need to exam the data and find more about the U.S saving rate. It should be done in STATA. So you need to have STATA, download the data and run a...

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Hello,


Using the
Consumer Expenditure Surveys (CE), I need to exam the data and find more about the U.S saving rate. It should be done in STATA. So you need to have STATA, download the data and run a model. I am not sure what variables that should be used here. After the running the data, you need to write about the findings. You have to share the codes so I can run it too.




Data link:



https://www.bls.gov/cex/pumd_data.htm#stata


no plagiarism!

Answered 1 days AfterSep 27, 2021

Answer To: Hello, Using the Consumer Expenditure Surveys (CE) , I need to exam the data and find more about the...

Mohd answered on Sep 29 2021
135 Votes
Analysis and Interpretation:
We have considered age_ ref, family size, inc_hrsl and lumpsumx as ind
ependent or explanatory variables. Liqudryx is a response variable or dependent variable. All the variables are numeric and continuous.
We have run multiple regression with liqudryx as a dependent variable. We have achieved adjusted r square value of o.7313, that means 73 percent variability in liqudryx we can explain with this model. We have prob> F is less than 0.05. Hence our model is statistically...
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