© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022
T. C. NokeriEconometrics and Data Sciencehttps://doi.org/10.1007/978-1-4842-7434-7_3

3. Multivariate Consumption Study Applying Regression

Tshepo Chris Nokeri1  
(1)
Pretoria, South Africa
 

The last chapter covered multivariate linear regression—a model for predicting continuous response variables by applying a single predictor variable. There will be cases where you’ll have more than one predictor variable, so this chapter presents ways of properly fitting multiple variables into a regression equation. It applies the ordinary least-squares regression model to determine whether changes in the U.S. social contributions (the current LCU), lending interest rate ...

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