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Regression Analysis: CONS versus INC, W

The regression equation is
CONS = 24.8 + 0.942 INC - 0.0424 W
Predictor
Constant
INC
W

Coef
24.775
0.9415
-0.04243

S = 6.80804

SE Coef
6.752
0.8229
0.08066

R-Sq = 96.4%

T
3.67
1.14
-0.53

P
0.008
0.290
0.615
R-Sq(adj) = 95.3%

Analysis of Variance
Source
Regression
Residual Error
Total
Source
INC
W

DF
1
1

DF
2
7
9

SS
MS
8565.6 4282.8
324.4 46.3
8890.0

F
92.40

P
0.000

Seq SS
8552.7
12.8

What can we observe?

References
Gujarati, D. N. (1995) Basic Economics, Third Edition, New York: McGrawHill.
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