CE-Based Consumer Expenditure Behaviors Study

• Activity Number: 182 - SPEED: Data Challenge
• Type: Contributed
• Date/Time: Monday, July 31, 2017 : 10:30 AM to 11:15 AM
• Sponsor: Government Statistics Section
• Author(s): Zhicong Zhao* and Fuyuan Li
• Companies: Mississippi State University and George Washington University
• Keywords: Varying Coefficient Model ; Hump-shaped consumer expenditure ; Regression

Abstract

In this study, we use varying coefficient model to describe the relationship between household age and hump-shaped consumer expenditure. To demonstrate the benefit of varying coefficient model, a comparison has been done with two traditional models via regression results and parameters visualization. This methodology is applied on, but not limited to, beef expenditure in pubile-use microdata.