Interpret the estimated regression results

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Reference no: EM133011281

Question: Consider the following regression result:

Y = 24.77 + 0.9415X1t - 0.0424X2t

Standard errors: (6.7525) (0.8229) (0.0807)

R-squared = 0.9635, R-bar squared = 0.9531 df =7

F-ratio = 92.40

Where Y denotes consumption, X1t denotes income and X2t denotes wealth

Required:

Interpret the estimated regression results

Reference no: EM133011281

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