I have an assignment and the answer but I need someone do paraphrasing for the answer
the assignment is:
In this assignment, you will analyze the cyclical properties of household expenditure: non‐durable goods, durable goods, and services. That is, how they correlate with the business cycle and whether there is the smoothing behavior predicted by the theory and observed in the aggregate consumption series.
Get the following quarterly series from the St. Louis Federal Reserve Bank FRED database from 1999onwards:
– Real Personal Consumption Expenditures: Nondurable Goods
– Real Personal Consumption Expenditures: Durable Goods
– Real Personal Consumption Expenditures: Services
– Real Gross Domestic Product
These series are in levels (i.e. in dollars), so calculate their quarterly growth rate (percentage change from quarter to quarter) and plot each of the first three series separately against real GDP.
What features do you observe? How do they compare to aggregate consumption (Real Personal Consumption Expenditures)? From a firm’s perspective, why are these patterns important?
Also, I have an answer which is my previous classmate did it and sent to my, it will help you to write the answer.
In the attachments all files.