Posted: February 5th, 2015

Econometrics group report using the computer package eviews,also estimation of OLS,misspecifacion testing and interpretation of results and procedures.

Econometrics group report using the computer package eviews,also estimation of OLS,misspecifacion testing and interpretation of results and procedures.

Project description
(1) Economic theory suggests that consumption is positively related to income
and negatively related to unemployment, , (proxying income uncertainty) and real interest rates, , (intertemporal substitution). Each group should estimate the

following four models (based upon this consumer theory) by ordinary least squares (OLS) using the sample period 1957 1994. Each individual student in the group is

responsible for estimating, reporting and discussing one of these four models it is up to the group to decide which group member will be responsible for each model.

LCAUL    LGAUL    RIAUL    UAUL
1955    -4.963391912    -4.529147609    -0.00365047    0.008
1956    -4.979143214    -4.534989112    -0.016473327    0.014
1957    -4.968408807    -4.535553087    0.02527399    0.02
1958    -4.95766514    -4.484919837    0.020099058    0.026
1959    -4.913508318    -4.454582167    0.012332731    0.025
1960    -4.916787261    -4.442255375    -0.00034099    0.019
1961    -4.91735895    -4.45629921    0.037887135    0.035
1962    -4.874894184    -4.408189306    0.029734697    0.028
1963    -4.834601754    -4.358899511    0.020612768    0.027
1964    -4.808839902    -4.309709375    0.005266639    0.017
1965    -4.799443478    -4.309099342    0.00976653    0.015
1966    -4.769729736    -4.263336731    0.01213376    0.017
1967    -4.73319618    -4.243716003    0.006752932    0.019
1968    -4.699700487    -4.177233949    0.00740025    0.018
1969    -4.662664517    -4.143238402    0.006277374    0.018
1970    -4.641505856    -4.1092026    -0.007159499    0.016
1971    -4.634188408    -4.092994624    -0.012328351    0.019
1972    -4.598598504    -4.069422508    -0.019016604    0.026
1973    -4.561439422    -4.045059112    -0.064096603    0.023
1974    -4.552716252    -4.049910064    -0.078482879    0.026
1975    -4.533308384    -4.036259052    -0.073490133    0.048
1976    -4.519417619    -4.017557766    -0.036854883    0.047
1977    -4.512149768    -4.0191861    -0.006330422    0.056
1978    -4.489481574    -3.983160784    -0.005790306    0.062
1979    -4.477070183    -3.971849048    -0.013020583    0.062
1980    -4.449347435    -3.949837904    0.008168508    0.06
1981    -4.423848906    -3.942254219    0.034398207    0.057
1982    -4.423238472    -3.9761962    0.039072541    0.071
1983    -4.41712538    -3.931871053    0.028066489    0.099
1984    -4.393121373    -3.893645356    0.045661545    0.089
1985    -4.370916949    -3.871323628    0.065494058    0.082
1986    -4.378741151    -3.859139216    0.06032164    0.08
1987    -4.353564697    -3.823630357    0.051730597    0.08
1988    -4.32643979    -3.797068095    0.048596145    0.072
1989    -4.296850373    -3.784298147    0.093225172    0.061
1990    -4.301749488    -3.806288292    0.083119594    0.069
1991    -4.289582511    -3.816031766    0.071424029    0.095
1992    -4.276121645    -3.795690296    0.044071681    0.107
1993    -4.257964651    -3.770257643    0.028194171    0.108
1994    -4.225106295    -3.729690774    0.041646798    0.096

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