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The analysis of the correlation between GDP, private and public consumption through multiple regression

Author

Listed:
  • Constantin ANGHELACHE

    (The Bucharest University of Economic Studies)

  • Alexandru MANOLE

    („Artifex” University of Bucharest)

  • Madalina Gabriela ANGHEL

    („Artifex” University of Bucharest)

Abstract

The analysis of the correlation between indicators, through multiple regression, completes the information and conclusions drawn through the application of some simple regression models. Supplementary elements achieved by using multiple regression form an additional informational support for decision makers and analysts. This paper describes a correlation between the GDP, private and public consumption, through a multiple regression model. The model explains the influence of the two types of consumption on the evolution of the GDP and allows the make of forecasts.

Suggested Citation

  • Constantin ANGHELACHE & Alexandru MANOLE & Madalina Gabriela ANGHEL, 2015. "The analysis of the correlation between GDP, private and public consumption through multiple regression," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 63(8), pages 34-40, August.
    • Handle: RePEc:rsr:supplm:v:63:y:2015:i:8:p:34-40
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    Cited by:

    1. Alexandru MANOLE & Sebastian KOT & Marius POPOVICI & Georgiana NITA, 2016. "The Gross Domestic Product evolution in Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(1), pages 87-95, January.
    2. Constantin ANGHELACHE & Radu Titus MARINESCU & Diana Valentina DUMITRESCU, 2017. "Time Diversification In Consumption And Saving," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(2), pages 64-70, February.
    3. Aurelian DIACONU & Mugur POPOVICI & Maria MIREA & Tudor SAMSON, 2017. "The price effect on population consumption demand," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(1), pages 37-55, January.
    4. Constantin ANGHELACHE & Alexandru MANOLE & Madalina-Gabriela ANGHEL & Florin Paul Costel LILEA & Mariana BUNEA, 2017. "Analysis Models Of The Life Quality Standard In Romania," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(5), pages 17-30, May.
    5. Constantin ANGHELACHE & Madalina-Gabriela ANGHEL & Radu STOICA, 2017. "Quarterly Analysis Of Gross Domestic Product Evolution - Significance Of Growth Rate," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 16-28, June.
    6. Madalina-Gabriela ANGHEL & Radu STOICA & Tudor SAMSON & Alexandru BADIU, 2017. "Analysis of the Econometric model of the correlation between GDP and final consumption," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(2), pages 122-129, February.

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