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BIRTH RATE
CONSUMER CRUDE PER 1000 LENDING
GDP PRICE INDEX PEOPLE INTEREST RATE
Mean 3.378078 80.27110 12.24749 5.022608
Median 2.831077 91.71667 10.20000 6.020167
Maximum 12.88247 103.7083 19.40000 9.113333
Minimum -5.526976 25.04614 8.200000 1.303750
Std. Dev. 3.676425 26.83973 3.858072 2.649344
Skewness 0.601126 -1.004729 0.760590 -0.169159
Kurtosis 3.721931 2.465641 2.080919 1.396742
Observations 49 49 49 49
First of all, the independent variables that we used are Consumer Price Index (CPI), Birth
Rate Crude per 1000 people and Lending Interest Rate. Consumer Price Index (CPI) defined as
the current prices of goods and services in terms of the prices during the same period of time in
the previous year in order to show the effect of inflation on consumers purchasing power. Birth
Rate Crude per 1000 people means that the ratio of total live births to the total population in a
certain area over a period of time and expressed as the number of live births per 1000 of the total
population per year. Lending Interest Rate is a rate or percentage which is charged extra based
on the lending amount.
According to the table above, the descriptive statistics that we found are included mean,
median, standard deviation and skewness.
Mean refers to the average of the total numbers where the total of numbers divided by the
number of numbers. The mean for GDP, Consumer Price Index (CPI), Birth Rate Crude per 1000
people and Lending Interest Rate are 3.38, 80.27, 12.25 and 5.02 respectively.
In addition, median defined as the middle value of the total numbers or the list of number.
Median for GDP is 2.83 while the median for Consumer Price Index (CPI) is 91.72. Birth Rate
Crude per 1000 people has a median of 10.2 whereas Lending Interest Rates median is 6.02.
Besides that, standard deviation is used to measure of how spreads out numbers are.
Based on the descriptive statistics table above, the standard deviation for GDP is 3.68 while for
Consumer Price Index (CPI) is 26.84. Birth Rate Crude per 1000 people has 3.86 of standard
deviation and 2.65 is the standard deviation of Lending Interest Rate.