“regression analysis” M1 = a + b1interest + b2 time where a is the intercept estimate,

| June 10, 2016

Question
“regression analysis”M1 = a + b1interest + b2 time where a is the intercept estimate, b1 is the coefficient estimate on an interest rate (the interest rate is a proxy for the price of money; or the interest you give up by holding money is the opportunity cost of holding your wealth in the form of money) and b2 is the coefficient estimate on the variable time; time is a proxy for all other things and is to account for the identification problem or to acknowledge that Ceteris is not Paribus in the real world. You may want to Google “regression analysis” and read up on it. The model should reflect the demand materials

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