Income Elasticity of Time Deposit in the Context of Bangladesh
In the start of this paper we investigated the roles played by components real per capita income and deposit rate in the determination of time deposit and subsequently we tried to show that time deposit is income elastic. Hausman Specification Test is used to check for simultaneity in the endogenous variables. VIF is used to see the presence of multicollinearity and stepwise regression is used to determine the model to estimate the time deposit efficiently.