datasets (version 3.4.1)

longley: Longley's Economic Regression Data

Description

A macroeconomic data set which provides a well-known example for a highly collinear regression.

Usage

longley

Format

A data frame with 7 economical variables, observed yearly from 1947 to 1962 ($n=16$).

GNP.deflator

GNP implicit price deflator ($1954=100$)

GNP

Gross National Product.

Unemployed

number of unemployed.

Armed.Forces

number of people in the armed forces.

Population

‘noninstitutionalized’ population $\ge$ 14 years of age.

Year

the year (time).

Employed

number of people employed.

The regression lm(Employed ~ .) is known to be highly collinear.

References

Becker, R. A., Chambers, J. M. and Wilks, A. R. (1988) The New S Language. Wadsworth & Brooks/Cole.

Examples

require(stats); require(graphics)
## give the data set in the form it is used in S-PLUS:
longley.x <- data.matrix(longley[, 1:6])
longley.y <- longley[, "Employed"]
pairs(longley, main = "longley data")
summary(fm1 <- lm(Employed ~ ., data = longley))
opar <- par(mfrow = c(2, 2), oma = c(0, 0, 1.1, 0),
            mar = c(4.1, 4.1, 2.1, 1.1))
plot(fm1)
par(opar)