TITLE:
Convenient Way of Extend Linear Expenditure System Modeling without Regression
AUTHORS:
Ningning Song, Yiqing Liu
KEYWORDS:
ELES Model, OLS, WLS
JOURNAL NAME:
Open Journal of Statistics,
Vol.5 No.6,
October
20,
2015
ABSTRACT: Extend Linear Expenditure System model is a collection of multiple linear models, and modeling is a clearly tedious process. The innovation of this paper is trying to find a simple way of ELES modeling, which means, in order to omit the modeling process one by one, we try to use Excel functionality to create a model workplace. As long as you replace the original sample data in the workspace, you can get the results you want.