Quarterly PCE Models

  • Lester D. Taylor


In this chapter, wepresent the results from the models that have been applied to the quarterly PCE data for 1947Q1 through 2005Q4 for the PCE categories listed in Table 13.1. The format in both this and the next chapter will be to tabulate the results for each category of expenditure in a separate table. The information presented will include the coefficients and their associated t-ratios, R 2, Durbin–Watson (dw), Durbin-h (h), and Dickey–Fuller (d-f) statistics for the estimating equation, structural coefficients for the underlying theoretical model, together with the total-expenditure and price elasticities.


Statistical Quality Total Expenditure Price Elasticity Habit Formation Budget Share 
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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ArizonaTucsonUSA

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