As Problem 7.3, for (a) Real consumption and real income; (b) Individuals alcohol and cigarette consumption; (c)
Question:
As Problem 7.3, for
(a) Real consumption and real income;
(b) Individuals’ alcohol and cigarette consumption;
(c) UK and US interest rates.
Problem 7.3
What would you expect to be the correlation coefficient between the following variables? Should the variables be measured contemporaneously or might there be a lag in the effect of one upon the other?
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Related Book For 
Statistics For Economics Accounting And Business Studies
ISBN: 978027368308
4th Edition
Authors: Michael Barrow
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