Modeling of the consumption function of the conjunction model on the example of USA

This article is devoted to the analysis of consumption in the framework of the market model for the economy on the example of the United States. The time period of 26 years 1991-2016 was chosen for the analysis. The purpose of this work is to verify the applicability of this model in the current market conditions of the United States. In this regard, statistics on the exogenous and endogenous variables of the model were collected, and the least squares method was used to estimate them. The model was tested for the presence of autocorrelation, heteroskedasticity, consistency of estimates.