Multiple Linear Regression Equation for Economic Dimension of Standard of Living

Nicoleta Mihaela Florea, Georgeta-Madalina Meghisan-Toma () and Cristina Nistor
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Nicoleta Mihaela Florea: University of Craiova Faculty of Economics and Business Administration
Cristina Nistor: University of Craiova Faculty of Economics and Business Administration

Finante - provocarile viitorului (Finance - Challenges of the Future), 2016, vol. 1, issue 18, 103-108

Abstract: The purpose of this analysis is to determine the signification of the following factors: population, population density and inflation rate to the measurement of the standard of living. The analysis takes into consideration demographic and economic data for a number of 10 EU member states. After calculating the standard of living in these countries, we analysed the impact of the mentioned factors using a multiple linear regression equation. We concluded that a part of the variation of the standard of living depends on the evolution of the three variables taken into consideration in the analysis.The standard of living of a population assesses the economic dimension of a country and the quality of life for a population.

Keywords: living standard; European Union; inflation; population density; population; multiple linear regression equation (search for similar items in EconPapers)
JEL-codes: C2 E2 E3 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2016:i:18:p:103-108

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