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

Shweta Sinha

doi:10.55524/ijirem.2025.12.2.18

Abstract

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.

Keywords

Predictive Analysis, Consumer Behaviour, Correlation, Statistical Analysis

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Cites this article as

S. Sinha "A Predictive Study of Consumer Spending Patterns Based on Income and Education Levels", International Journal of Innovative Research in Engineering and Management (IJIREM), Vol-12, Issue-2, Page No-114-118, 2025. Available from: https://doi.org/10.55524/ijirem.2025.12.2.18

Corresponding Author

Shweta Sinha

Associate Professor, Department of Computer Science and Engineering, AMITY School of Engineering & Technology, AMITY UNIVERSITY, Gurugram, Haryana, India