Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

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Research on Income and Expenditure Based on Multiple Linear Regression: A Case of Filipinos

Authors
Sixu Chen1, *, Rong Fan2, Yinglong Lin3
1Shandong University, Shandong, People’s Republic of China
2University of Rochester, Rochester, NY, USA
3Tianjin University of Technology, Tianjin, China
*Corresponding author. Email: 201800820190@mail.sdu.edu.cn
Corresponding Author
Sixu Chen
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_13How to use a DOI?
Keywords
Spending Pattern; Improvement in Living Quality; Income Status
Abstract

The currency system in modern society requires people to work for incomes and purchase what they demand. Accordingly, economists are working hard to find out exact patterns in which human-beings earn and spend their money. This paper aims at looking for and describing such a pattern. Through simple charts and model-creation, it turns out that people in Philippines are inclined to spend more to improve their living standards as their incomes rise gradually and the most important factor which affects people’s disposed incomes is how much they will have to spend on food. Although food takes the highest percentage in total spending, it is more important to focus on others, including entertainment and life-based expenditures. Improving living standards involves increasing the quality of medical care, renting better apartments, and paying more for entertainment such as traveling. This pattern obviously provides retailers and financial investors in the financial market with ideas what their customers are demanding from them and stimulation to improve their products, by which the whole commercial section in the Philippines will get improved as a whole.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
10.2991/978-94-6463-030-5_13
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_13How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Sixu Chen
AU  - Rong Fan
AU  - Yinglong Lin
PY  - 2022
DA  - 2022/12/20
TI  - Research on Income and Expenditure Based on Multiple Linear Regression: A Case of Filipinos
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 117
EP  - 125
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_13
DO  - 10.2991/978-94-6463-030-5_13
ID  - Chen2022
ER  -