Econometric Assign. The following table gives data on quit-rate per one hundred employees in man- ufacturing and the emp
Posted: Mon May 02, 2022 8:07 am
Econometric Assign.
The following table gives data on quit-rate per one hundred
employees in man- ufacturing and the employment rate in
manufacturing in the United State for the period 1960 to
1972.
Note: the term quit refers to people leaving their job
voluntarily.
Years quit rate per 1oo unem(Y) employment rate(X)
1960 1.1
6.2
161 1.2
7.8
1962 1.4
5.8
1963 1.4
5.7
1964 1.5
5.0
1965 1.9
4.0
1966 2.6
3.2
1967 2.3
3.6
1968 2.5
3.3
1969 2.7
3.3
1970 2.1
5.6
1971 1.8
6.8
1972 2.2
5.6
a. Plot the data in a scatter diagram.
b. Assume that quit rate Y is linearly related to the employment
rate X as Yi= formula for the linear regres- ion, estimate the
estimator regression and their standard errors.
C. Compute r square and r.
d. Interpret your result.
e. Plot the residual ei. And what you learned from this
residual.
The following table gives data on quit-rate per one hundred
employees in man- ufacturing and the employment rate in
manufacturing in the United State for the period 1960 to
1972.
Note: the term quit refers to people leaving their job
voluntarily.
Years quit rate per 1oo unem(Y) employment rate(X)
1960 1.1
6.2
161 1.2
7.8
1962 1.4
5.8
1963 1.4
5.7
1964 1.5
5.0
1965 1.9
4.0
1966 2.6
3.2
1967 2.3
3.6
1968 2.5
3.3
1969 2.7
3.3
1970 2.1
5.6
1971 1.8
6.8
1972 2.2
5.6
a. Plot the data in a scatter diagram.
b. Assume that quit rate Y is linearly related to the employment
rate X as Yi= formula for the linear regres- ion, estimate the
estimator regression and their standard errors.
C. Compute r square and r.
d. Interpret your result.
e. Plot the residual ei. And what you learned from this
residual.