A Predictive Study of Consumer Spending Patterns Based on Income and Education Levels

Consumer spending is influenced by multiple factors, among which income and education are often considered significant. This paper investigates the relative impact of income and education on consumer expenditure using regression analysis. A dataset of 1,000 individuals is analyzed, revealing that while income correlates with spending, education demonstrates stronger predictive power. The results underscore the necessity of incorporating socio-economic dimensions into models of consumer behaviour.