Use the data from the Retail Sales file to estimate the regression model yt 0 1xt yt 1 t and test the null hypothesis that g 0, where yt retail sales per household xt disposable income per household

Question: Use the data from the Retail Sales file to estimate the regression model yt = 0 + 1xt + yt-1 + t and test the

Use the data from the Retail Sales file to estimate the regression model
yt = β0 + β1xt + γyt-1 + εt
and test the null hypothesis that g = 0, where
yt = retail sales per household
xt = disposable income per household

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