Question: Q 1 0 . Two models for Engel expenditure function are estimated. Model I: Y t = 1 0 8 7 . 9 3 0

Q10. Two models for Engel expenditure function are estimated.
Model I: Yt=1087.930+0.077xt
q,t=(25.58),(21.64)
R2=0.350
Model II: Yt=4005.077-0.3381xt
,t=(19.259),(-20.816)
R2=0.333
where = expenditure on food in rupees
,= total expenditure in rupees
i
Q 1 0 . Two models for Engel expenditure function

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