Regression Analysis

State public expenditures

Per capita state and local public expenditures and associated state demographic and economic characteristics, 1960.

Reference: U.S. Department of Commerce, Bureau of the Census, Government Finances in 1960, Census of Population, 1960, Census of Manufactures, 1958, Statistical Abstract of the United States, 1961. U.S. Department of Agriculture, Agricultural Statistics, 1961. U.S. Department of the Interior, Minerals Yearbook, 1960.

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Variable	Description
`EX`	Per capita state and local public expenditures ($\$$)
`ECAB`	Economic ability index, in which income, retail sales, and the value of output (manufactures, mineral, and agricultural) per capita are equally weighted.
`MET`	Percentage of population living in standard metropolitan areas
`GROW`	Percent change in population, 1950-1960
`YOUNG`	Percent of population aged 5-19 years
`OLD`	Percent of population over 65 years of age
`WEST`	Western state (1) or not (0)
`STATE`	Name of the state

Data

x-axis y-axis

State public expenditures

Data

Model

Summary

Distribution of \(\hat{y}\)

Distribution of \(e\)

OLS Results