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    Romit Banerjee
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    The document shows data on per capita income (PCI) in India from 1961-2015 and the number of vehicles per 1,000 people during that same period. As PCI increased from around Rs. 9,940 in 1961-1965 to over Rs. 62,427 in 2011-2015, the number of vehicles per 1,000 people also increased from 2 to 139 over the same period, showing a strong positive correlation between rising incomes and greater vehicle ownership in India. A regression analysis found the relationship between PCI and vehicles/1,000 people to be highly statistically significant.

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    Vehicle Sales (2)

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    The document shows data on per capita income (PCI) in India from 1961-2015 and the number of vehicles per 1,000 people during that same period. As PCI increased from around Rs. 9,940 in 1961-1965 to over Rs. 62,427 in 2011-2015, the number of vehicles per 1,000 people also increased from 2 to 139 over the same period, showing a strong positive correlation between rising incomes and greater vehicle ownership in India. A regression analysis found the relationship between PCI and vehicles/1,000 people to be highly statistically significant.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    6 views6 pages

    Vehicle Sales

    Uploaded by

    Romit Banerjee
    The document shows data on per capita income (PCI) in India from 1961-2015 and the number of vehicles per 1,000 people during that same period. As PCI increased from around Rs. 9,940 in 1961-1965 to over Rs. 62,427 in 2011-2015, the number of vehicles per 1,000 people also increased from 2 to 139 over the same period, showing a strong positive correlation between rising incomes and greater vehicle ownership in India. A regression analysis found the relationship between PCI and vehicles/1,000 people to be highly statistically significant.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 6

    PCI (Rs) Veh/1000

    1961-65 9940 2
    1966-70 10408 3
    1971-75 10807 4
    1976-80 11618 5
    1981-85 12757 10
    1986-90 14830 18
    1991-95 16957 29
    1996-00 20976 42
    2001-05 25417 63
    2006-10 34751 94
    2011-15 62427 139

    PCI (Rs) Veh/1000


    9940 2
    10408 3
    10807 4
    11618 5
    12757 10
    14830 18
    16957 29
    20976 42
    25417 63
    34751 94
    62427 139
    Vehicle Demand Vs PCI
    1961-65 to 2011-15
    160
    140
    120
    Veh/1000 Pop

    100
    80
    60
    40
    20
    0
    0 10000 20000 30000 40000 50000 60000 70000
    PCI (Rs)

    Veh/1000
    160

    140

    120

    100

    80

    60

    40

    20

    0
    0 10000 20000 30000 40000 50000 60000 70000
    Y X
    2 9940
    Vehicle Demand Vs Per Cap
    3 10408
    70000
    4 10807
    5 11618 60000

    Per Capita Income (Rs)


    10 12757 50000

    18 14830 40000
    29 16957 30000
    42 20976 20000
    63 25417 10000
    94 34751 0
    1 2 3 4 5
    139 62427
    Vehicles/1000 P

    Column F
    hicle Demand Vs Per Capita Income, India Scatter
    70000

    60000

    50000

    40000

    30000

    20000
    1 2 3 4 5 6 7 8 9 10 11
    Vehicles/1000 Population 10000

    0
    0 20 40 60 80 100 120 140
    Column F Column G
    tter

    80 100 120 140 160


    SUMMARY OUTPUT

    Regression Statistics
    Multiple R 0.978128
    R Square 0.956734
    Adjusted R 0.951926
    Standard E 9.805892
    Observatio 11

    ANOVA
    df SS MS F Significance F
    Regression 1 19136.24 19136.24 199.0134 1.92E-07
    Residual 9 865.3997 96.15552
    Total 10 20001.64

    Coefficients
    Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
    Upper 95.0%
    Intercept -21.19938 5.086032 -4.168158 0.002418 -32.70479 -9.69398 -32.70479 -9.69398
    X Variable 0.002781 0.000197 14.10721 1.92E-07 0.002335 0.003227 0.002335 0.003227

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