Regression analysis of household expenditure and income
The purpose of this chapter is to demonstrate a multivariate analysis based on the Living Costs and Food survey (LCF). The aim of the analysis is to identify key characteristics of households affecting both household income and household expenditure, using regression techniques. The analysis uses the complete LCF 2008 sample containing 5,850 responding households across Great Britain and Northern Ireland.
KeywordsHousehold Income Household Expenditure Household Composition Income Model Total Household Expenditure
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