02 Jun Question ECO 500: Excel Assignment One
Question
ECO 500: Excel Assignment One
Below are data for U.S. DPI and PCE on two major components of consumer spending, motor vehicles and parts and housing and utilities. One is a durable good and the other is comprised of housing and other services and non-durables, such as natural gas purchases. Using scatter diagrams and trendlines, generate graphs showing the relationship of each of the consumption categories to DPI and find the equation of the graph and the R squared. Use your results to answer the questions to the right.
Questions:
a) Plot the data using a scatterplot.
b) Find the equation that shows the relationship between motor vehicles and parts expenditure (PCE) and DPI (insert a linear trendline and show the equation on the scatterplot).
c) Find the equation that shows the relationship between housing and utilities expenditures (PCE) and DPI (insert a linear trendline and show the equation on the scatterplot).
d) What are the R squares for the equations? Which one is better? Can you provide an economic rationale to explain the difference?
e) Use the equations to calculate estimated values for both types of expenditures for 2011 and 2012. How well did the equations predict values for 2011 and 2012?
Data f) If DPI increases at a rate of 2.2% in 2013 and then at a rate of 2.6% in 2014, what are the predicted values for consumer spending on motor vehicles and parts? On housing and utilities?
Year DPI Motor Vehicles and Parts Answers:
1964. 462.3 25.8 a)
1965. 497.8 29.6 b)
1966. 537.4 29.9 c)
1967. 575.1 29.6 d)
1968. 624.7 35.4 e)
1969. 673.8 37.4 f)
1970. 735.5 34.5 Motor Vehicles and Parts
1971. 801.4 43.2 2013
1972. 869.0 49.4 2014
1973. 978.1 54.4 Housing and Utilities
1974. 1,071.7 48.2 2013
1975. 1,187.3 52.6 2014
1976. 1,302.3 68.2
1977. 1,435.0 79.8
1978. 1,607.3 89.2
1979. 1,790.9 90.2
1980. 2,002.7 84.4
1981. 2,237.1 93.0
1982. 2,412.7 100.0
1983. 2,599.8 122.9
1984. 2,891.5 147.2
1985. 3,079.3 170.1
1986. 3,258.8 187.5
1987. 3,435.3 188.2
1988. 3,726.3 202.2
1989. 3,991.4 207.8
1990. 4,254.0 205.1
1991. 4,444.9 185.7
1992. 4,736.7 204.8
1993. 4,921.6 224.7
1994. 5,184.3 249.8
1995. 5,457.0 255.7
1996. 5,759.6 273.5
1997. 6,074.6 293.1
1998. 6,498.9 320.2
1999. 6,803.3 350.7
2000. 7,327.2 363.2
2001. 7,648.5 383.3
2002. 8,009.7 401.3
2003. 8,377.8 401.0
2004. 8,889.4 403.9
2005. 9,277.3 408.2
2006. 9,915.7 394.8
2007. 10,423.6 399.9
2008. 11,024.5 339.3
2009. 10,722.4 316.0
2010. 11,127.1 342.7
2011. 11,549.3 373.6
2012 p. 11,931.2 407.0
Year DPI Housing and Utilities
1964. 462.3 72.1
1965. 497.8 76.6
1966. 537.4 81.2
1967. 575.1 86.3
1968. 624.7 92.7
1969. 673.8 101.0
1970. 735.5 109.4
1971. 801.4 120.0
1972. 869.0 131.2
1973. 978.1 143.5
1974. 1,071.7 158.6
1975. 1,187.3 176.5
1976. 1,302.3 194.7
1977. 1,435.0 217.8
1978. 1,607.3 244.3
1979. 1,790.9 273.4
1980. 2,002.7 311.8
1981. 2,237.1 352.0
1982. 2,412.7 387.0
1983. 2,599.8 421.2
1984. 2,891.5 458.3
1985. 3,079.3 500.7
1986. 3,258.8 535.7
1987. 3,435.3 571.8
1988. 3,726.3 614.5
1989. 3,991.4 655.6
1990. 4,254.0 696.4
1991. 4,444.9 735.5
1992. 4,736.7 771.2
1993. 4,921.6 814.5
1994. 5,184.3 866.5
1995. 5,457.0 913.8
1996. 5,759.6 961.2
1997. 6,074.6 1,009.9
1998. 6,498.9 1,065.2
1999. 6,803.3 1,125.0
2000. 7,327.2 1,198.6
2001. 7,648.5 1,287.7
2002. 8,009.7 1,334.8
2003. 8,377.8 1,393.9
2004. 8,889.4 1,462.4
2005. 9,277.3 1,582.6
2006. 9,915.7 1,686.2
2007. 10,423.6 1,756.2
2008. 11,024.5 1,831.0
2009. 10,722.4 1,871.6
2010. 11,127.1 1,891.9
2011. 11,549.3 1,929.9
2012 p. 11,931.2 1,965.9
Source: Economic Report of the President, 2013. Appendix B.
Attachments
ECO_500_Excel_Assignment_One-1.xlsx (19.15 KB) Raw Preview for ECO_500_Excel_Assignment_One-1.xlsx
Tutorials for this Question
Available for
$ 24.00
ECO500 excel assignment 1
Tutorial # 00025772
Posted On: 09/21/2014 12:11 PM
Posted By:
Best Tutors for school students, college students paul911
Expert tutors with experiences and qualities
Questions: 4672
Tutorials: 4556
Feedback Score: 98% (1756 ratings)
Report this Tutorial as Inappropriate
Tutorial Preview
… … Login to view tutorial
Attachments
ECO_500_Excel_Assignment_One-1_(1).xlsx (26.97 KB)
Preview: scatterplot).d)What are the R squares for th…..
Purchase this Tutorial @ $24.00 *
* – Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
LIST OF MAIN SUBJECTS
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.