Unemployment Rate and Price of Gasoline Predict the Fuel Economy of Purchased New Vehicles

摘要

This study examined the relationship between two economic indicatorsthe unemployment rate and the price of gasolineand 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.