Assume that the data looks as follows:
Y = 
,U = 
,X = 
,and β = (β1)
Using the formula for the OLS estimator 
= ( 
X)-1 
Y,derive the formula for 
1,the only slope in this "regression through the origin."
Definitions:
Induced Consumption
Induced consumption is the portion of consumer spending that varies with income levels, suggesting that as people earn more, they tend to spend more.
Disposable Income
Household fiscal resources for saving and spending following the deduction of income taxes.
Autonomous Consumption
The level of consumption that occurs when income is zero, representing the expenses that consumers must make for basic needs regardless of their income.
Induced Consumption
The portion of consumer spending that increases as disposable income rises, typically leading to more purchasing.
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