Econometric Analysis of Chinese Urban Residents' Consumption Based on Regression Analysis

Abstract

Based on the main factors affecting the consumption of Chinese residents, this paper analyzes the mechanism of the influence of per capita disposable income, tax and GDP of urban residents on the consumption of Chinese residents. It uses regression analysis, economic significance test, statistical test, econometric test (multicollinearity, autocorrelation, heteroscedasticity), and through relevant correction, the final model is determined, and the final conclusion is obtained The disposable income of the people and the disposable income of rural residents have a significant positive impact on consumption, and the relevant policy recommendations are given.