Interpret the following results with (UR) uemployment rate as dependent variable and (INF) inflation as the independent variable. Dependent Variable: URMethod: Least SquaresDate: 10/30/22 Time: 11:50Sample: 1991 2021Included observations: 31VariableINFR-squaredAdjusted R-squaredS.E. of regressionSum squared residLog likelihoodDurbin-Watson statCoefficient2.749079Std. Error0.488019t-Statistic5.6331370.251048 Mean dependent var0.251048 S.D. dependent var36.76557Akaike info criterion40551.21 Schwarz criterion-155.2203 Hannan-Quinn criter.0.537950Prob.0.000030.7434542.4829210.0787310.1249810.09381

First of all, we have to know the regression equation which is used in econometrics or stats for…

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Interpret the following results with (UR) uemployment rate as dependent variable and (INF) inflation as the independent variable.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

Interpret the following results with (UR) uemployment rate as dependent variable and (INF) inflation as the independent variable.

Dependent Variable: UR
Method: Least Squares
Date: 10/30/22 Time: 11:50
Sample: 1991 2021
Included observations: 31
Variable
INF
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
Durbin-Watson stat
Coefficient
2.749079
Std. Error
0.488019
t-Statistic
5.633137
0.251048 Mean dependent var
0.251048 S.D. dependent var
36.76557
Akaike info criterion
40551.21 Schwarz criterion
-155.2203 Hannan-Quinn criter.
0.537950
Prob.
0.0000
30.74345
42.48292
10.07873
10.12498
10.09381

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