MTH521 - A2Ana FonsecaAna FonsecaAna Fonseca

Question

Manoj · Accepted Answer

1.  
2.  
Let, 
y = Unemployment
x = Inflation
The least square line for predicting unemployment from inflation is given by,
y = 6.1932 – 0.12 * x
3.  
We have to predict unemployment for inflation equal to 3
y = 6.1932 – 0.12 * 3
y = 5.85
Predicted unemployment in a year when inflation is 3.0% is 5.85.
4.  
Correlation coefficient between inflation and unemployment is -0.0668
5.  
6.  
Let,

MTH521 - A2 Ana Fonseca Ana Fonseca Ana Fonseca

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