The analysis of the correlation between GDP, private and public consumption through multiple regression

Constantin Anghelache, Alexandru Manole and Madalina Gabriela Anghel
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Constantin Anghelache: The Bucharest University of Economic Studies
Alexandru Manole: „Artifex” University of Bucharest
Madalina Gabriela Anghel: „Artifex” University of Bucharest

Romanian Statistical Review Supplement, 2015, vol. 63, issue 8, 34-40

Abstract: The analysis of the correlation between indicators, through multiple regression, completes the information and conclusions drawn through the application of some simple regression models. Supplementary elements achieved by using multiple regression form an additional informational support for decision makers and analysts. This paper describes a correlation between the GDP, private and public consumption, through a multiple regression model. The model explains the influence of the two types of consumption on the evolution of the GDP and allows the make of forecasts.

Keywords: GDP; private consumption; public consumption; regression; factor (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (6)

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