Based on the data for 19472002, Kellsted and Whitten obtained the following regression: M = 74.00 -2.71GDP

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Based on the data for 1947–2002, Kellsted and Whitten obtained the following regression: M₁ = 74.00 -2.71GDPwhere M = percentage of households in which a married couple is present and GDP = gross domestic product.

a. Does this result make sense?

b. How would you interpret the regression?

c. Is there a cause-and-effect relationship between the two variables?

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Essentials Of Econometrics

ISBN: 9781071850398

5th Edition

Authors: Damodar N. Gujarati

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