Model
Digital Document
Publisher
Florida Atlantic University
Description
This thesis uses time series analysis to construct
models of income and consumption in the United States
between 1947 and 1983. The data are quarterly observations
on three measures of income and two of consumption. The
study begins with a survey of univariate and multivariate
model building techniques. With the life cycle - permanent
income hypothesis as a foundation, theoretical models of
income and consumption are discussed. These models are then
fit to the data and examined. Tests for causality are also
covered in order to determine the manner in which the two
processes are related in a multivariate model.
models of income and consumption in the United States
between 1947 and 1983. The data are quarterly observations
on three measures of income and two of consumption. The
study begins with a survey of univariate and multivariate
model building techniques. With the life cycle - permanent
income hypothesis as a foundation, theoretical models of
income and consumption are discussed. These models are then
fit to the data and examined. Tests for causality are also
covered in order to determine the manner in which the two
processes are related in a multivariate model.
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