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SOME THEORETICAL HYPOTHESES
METHODOLOGY OF THE STUDY
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addition analysis Arnold Zellner assets AST.Y's AUTOMOBILES PURCHASED bought car purchase cars New cars cars Regressor Coefficient cars Used cars chi-square chi-square distribution consumer behavior consumption function credit-use current income debt demand for automobiles demand for durables demographic variables dependent variables dollars dummy stocks economic effect of income effect of taste error expenditure F STATISTICS full samples households hypothesis income change group initial stock inventory effect investment J. R. Hicks James Tobin level of stock marginal rate negative new-car purchasers outlays and total OUTLAYS ON PURCHASE ownership parameter estimates pattern Pn equations positive effect predicted proportion price range probability of purchase purchasing used cars Regressand REGRESSION EQUATIONS EXPLAINING Regressor Coefficient Coefficient reinterview data spending units stable stock adjustment stock demand stock effect stock-adjustment SU's sumer Table 1 Continued theory theory of demand tion TP equations used-car buyers used-car net outlays used-car purchases utility value stock