Unemployment rate and price of gasoline predict the fuel economy of purchased new vehicles.

Sivak, Michael; Schoettle, Brandon; University of Michigan. Transportation Research Institute

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Unemployment rate and price of gasoline predict the fuel economy of purchased new vehicles.

2011-03-01
By Sivak, Michael ; Schoettle, Brandon

[PDF-464.81 KB]

English

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Details:

Creators:

Sivak, Michael ; Schoettle, Brandon

Sivak, Michael ; Schoettle, Brandon Less -
Corporate Creators:

University of Michigan. Transportation Research Institute
Subject/TRT Terms:

[+]

Automobiles--United States--Fuel Consumption--Forecasting Employment Fuel Consumption Fuel Gas Gasoline Gasoline--Prices--United States--Statistics Regression Analysis Statistics Unemployment--United States--Statistics
Publication/ Report Number:

UMTRI-2011-13
Resource Type:

Tech Report
Geographical Coverage:

Michigan
Corporate Publisher:

University of Michigan. Transportation Research Institute
Abstract:

This study examined the relationship between two economic indicators—the

unemployment rate and the price of gasoline—and the fuel economy of purchased new

vehicles. A regression analysis was performed on U.S. monthly data from October 2007

through February 2011. The main finding is that the fuel economy of purchased new vehicles

can be well predicted from the unemployment rate and the price of gasoline.
Format:

PDF
Collection(s):

US Transportation Collection
Main Document Checksum:

[+]

urn:sha256:c03d5452c7d6c4afc4d6b5958939f19d9d064d306acef382e8101ce56cb6c13f
Download URL:

https://rosap.ntl.bts.gov/view/dot/20424/dot_20424_DS1.pdf
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Unemployment rate and price of gasoline predict the fuel economy of purchased new vehicles.

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