AER (version 1.2-13)

USConsump1979: US Consumption Data (1970--1979)

Description

Time series data on US income and consumption expenditure, 1970--1979.

Usage

data("USConsump1979")

Format

An annual multiple time series from 1970 to 1979 with 2 variables.

income

Disposable income.

expenditure

Consumption expenditure.

References

Greene, W.H. (2003). Econometric Analysis, 5th edition. Upper Saddle River, NJ: Prentice Hall.

See Also

Greene2003, USConsump1950, USConsump1993

Examples

data("USConsump1979")
plot(USConsump1979)

## Example 1.1 in Greene (2003)
plot(expenditure ~ income, data = as.data.frame(USConsump1979), pch = 19)
fm <- lm(expenditure ~ income, data = as.data.frame(USConsump1979))
summary(fm)
abline(fm)