# An article in the Journal of Monetary Economics assesses the relationship between percentage growth in wealth over

## Question:

An article in the Journal of Monetary Economics assesses the relationship between percentage growth in wealth over a decade and a half of savings for baby boomers of age 40 to 55 with these people's income quartiles. The article presents a table showing five income quartiles, and for each quartile there is a reported percentage growth in wealth. The data are as follows.

Run a simple linear regression of these five pairs of numbers and estimate a linear relationship between income and percentage growth in wealth.

Fantastic news! We've Found the answer you've been seeking!

## Step by Step Answer:

**Related Book For**

## Complete Business Statistics

**ISBN:** 9780077239695

7th Edition

**Authors:** Amir Aczel, Jayavel Sounderpandian