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- Title
Multiple Linear Regression Equation for Economic Dimension of Standard of Living.
- Authors
Florea, Nicoleta Mihaela; Meghişan, Georgeta Mădălina; Nistor, Cristina
- Abstract
The purpose of this analysis is to determine the signification of the following factors: population, population density and inflation rate to the measurement of the standard of living. The analysis takes into consideration demographic and economic data for a number of 10 EU member states. After calculating the standard of living in these countries, we analysed the impact of the mentioned factors using a multiple linear regression equation. We concluded that a part of the variation of the standard of living depends on the evolution of the three variables taken into consideration in the analysis.The standard of living of a population assesses the economic dimension of a country and the quality of life for a population.
- Subjects
PRICE inflation; POPULATION density; QUALITY of life
- Publication
Finance: Challenges of the Future, 2016, Vol 16, Issue 18, p103
- ISSN
1583-3712
- Publication type
Article