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Sheet 5 a. Construct two (two) scatter diagram for: i. GDP (Independent variable) and unemployment (dependent variable) ii. Unemployment (independent variable) and Inflation (dependent variable) b. Showing all workings, find the regression lines for: GDP and unemployment unemployment and inflation i. ii. c. Plot the two regression lines, inclusive of regression equation and coefficient of determination (R²2), on the scatter diagrams of part a.

Sheet 5 a. Construct two (two) scatter diagram for: i. GDP (Independent variable) and unemployment (dependent variable) ii. Unemployment (independent variable) and Inflation (dependent variable) b. Showing all workings, find the regression lines for: GDP and unemployment unemployment and inflation i. ii. c. Plot the two regression lines, inclusive of regression equation and coefficient of determination (R²2), on the scatter diagrams of part a.

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
Chapter3: Straight Lines And Linear Functions
Section3.CR: Chapter Review Exercises
Problem 15CR: Life Expectancy The following table shows the average life expectancy, in years, of a child born in...
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Sheet 5 a. Construct two (two) scatter diagram for: i. ii. GDP (Independent variable) and unemployment (dependent variable) Unemployment (independent variable) and Inflation (dependent variable) b. Showing all workings, find the regression lines for: GDP and unemployment unemployment and inflation i. ii. c. Plot the two regression lines, inclusive of regression equation and coefficient of determination (R²), on the scatter diagrams of part a. d. Present major regression summary outputs for both regression lines showing: regression statistics, coefficients, standard error, t stats, p-values and 95% confidence interval.
Transcribed Image Text:Sheet 5 a. Construct two (two) scatter diagram for: i. ii. GDP (Independent variable) and unemployment (dependent variable) Unemployment (independent variable) and Inflation (dependent variable) b. Showing all workings, find the regression lines for: GDP and unemployment unemployment and inflation i. ii. c. Plot the two regression lines, inclusive of regression equation and coefficient of determination (R²), on the scatter diagrams of part a. d. Present major regression summary outputs for both regression lines showing: regression statistics, coefficients, standard error, t stats, p-values and 95% confidence interval.
date 31/12/1980 31/12/1981 31/12/1982 31/12/1983 31/12/1984 31/12/1985 31/12/1986 31/12/1987 31/12/1988 31/12/1989 31/12/1990 31/12/1991 31/12/1992 31/12/1993 31/12/1994 31/12/1995 31/12/1996 31/12/1997 31/12/1998 31/12/1999 31/12/2000 31/12/2001 31/12/2002 31/12/2003 31/12/2004 31/12/2005 31/12/2006 31/12/2007 31/12/2008 31/12/2009 31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020 GDP GDP (Billions of US) ($) 6.24 6.99 8.14 7.76 7.76 7.38 4.79 4.80 4.50 4.32 5.07 5.31 5.44 4.67 4.95 5.33 5.76 5.74 6.04 6.81 8.15 8.82 9.01 11.31 13.28 15.98 18.37 21.64 27.87 19.17 22.16 25.43 25.76 27.27 27.62 24.96 22.39 22.39 23.68 23.21 21.53 Prices Inflation Rate (%) 17.47 14.33 11.63 15.18 13.33 7.62 7.69 10.75 7.76 11.43 11.06 3.78 6.44 10.84 8.81 5.18 3.40 3.63 5.61 3.44 3.56 5.54 4.15 3.81 3.72 6.87 8.33 7.89 12.03 6.98 10.55 5.11 9.26 5.20 5.68 4.66 3.07 1.88 1.02 1.00 0.60 Labour Unemployment rate (%) 9.9 10.4 9.9 11.1 13.4 15.6 17.2 22.2 22 22 20 18.5 19.6 19.8 18.4 17.2 16.2 15 14.2 13.1 12.1 10.8 10.4 10.5 8.3 8 6.2 5.5 4.6 5.3 5.9 4.9 5 3.7 3.3 3.4 4 4.8 4.1 3.50 6.70
Transcribed Image Text:date 31/12/1980 31/12/1981 31/12/1982 31/12/1983 31/12/1984 31/12/1985 31/12/1986 31/12/1987 31/12/1988 31/12/1989 31/12/1990 31/12/1991 31/12/1992 31/12/1993 31/12/1994 31/12/1995 31/12/1996 31/12/1997 31/12/1998 31/12/1999 31/12/2000 31/12/2001 31/12/2002 31/12/2003 31/12/2004 31/12/2005 31/12/2006 31/12/2007 31/12/2008 31/12/2009 31/12/2010 31/12/2011 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020 GDP GDP (Billions of US) ($) 6.24 6.99 8.14 7.76 7.76 7.38 4.79 4.80 4.50 4.32 5.07 5.31 5.44 4.67 4.95 5.33 5.76 5.74 6.04 6.81 8.15 8.82 9.01 11.31 13.28 15.98 18.37 21.64 27.87 19.17 22.16 25.43 25.76 27.27 27.62 24.96 22.39 22.39 23.68 23.21 21.53 Prices Inflation Rate (%) 17.47 14.33 11.63 15.18 13.33 7.62 7.69 10.75 7.76 11.43 11.06 3.78 6.44 10.84 8.81 5.18 3.40 3.63 5.61 3.44 3.56 5.54 4.15 3.81 3.72 6.87 8.33 7.89 12.03 6.98 10.55 5.11 9.26 5.20 5.68 4.66 3.07 1.88 1.02 1.00 0.60 Labour Unemployment rate (%) 9.9 10.4 9.9 11.1 13.4 15.6 17.2 22.2 22 22 20 18.5 19.6 19.8 18.4 17.2 16.2 15 14.2 13.1 12.1 10.8 10.4 10.5 8.3 8 6.2 5.5 4.6 5.3 5.9 4.9 5 3.7 3.3 3.4 4 4.8 4.1 3.50 6.70
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d. Present major regression summary outputs for both regression lines showing: regression statistics, coefficients, standard error, t stats, p-values and 95% confidence interval.
Transcribed Image Text:d. Present major regression summary outputs for both regression lines showing: regression statistics, coefficients, standard error, t stats, p-values and 95% confidence interval.
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