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Statistic Analysis
1.
2. Model-specification:
In the model food price is the function of money supply.
FP= f (MS)
•Dependent variable = food prices.
•Money supply = independent variable.
The liner regression equation is given below;
Pf = α + β(Ms)
Where ;
α is intercept and β is a coefficient of money supply.
There is direct and positive relationship between food prices
and money supply.
As far as money supply is increased in the economy the food
price inflation also increases.
5. Results and Discussions:
Estimation results were carried out using SPSS Statistics as follow;
Variable
Unstandardized Coefficients
t-values
Sig.
(P-Values)β Std. Error
(Constant) 18.580 4.469 4.158 0.001
MS2 -0.676 0.315 -2.148 0.047
TABLE.2
The Regression Line is ;
Pf = 18.580 – 0.676(Ms)
The hypothesis testing for regression coefficient using 5% of level of
significance, that is there any significant relationship between Pf & MS.
T-Statistic was used. The second probability value is 0.047 is less then
significant level 0.05.
Therefore we reject Ho , and may conclude that there is significant
relationship between Food Prices(inflation) and Money Supply at α=5%.