Below are data for U.S. DPI and PCE on two major components of consumer spending, motor vehicles and parts and housing and uTliTes. One is a durable good and the other is comprised of housing and other services and non-durables, such as natural gas purchases. Using sca±er diagrams and trendlines, generate graphs showing the relaTonship of each of the consumpTon categories to DPI and Fnd the equaTon of the graph and the R squared. Use your results to answer the quesTons to the right
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Below are data for U.S. DPI and PCE on two major components of consumer spending, motor vehicles and parts and housing and uTliTes. One is a durable good and the other is comprised of housing and other services and non-durables, such as natural gas purchases. Using sca±er diagrams and trendlines, generate graphs showing the relaTonship of each of the consumpTon categories to DPI and Fnd the equaTon of the graph and the R squared. Use your results to answer the quesTons to the right