Econometric Assign the following table gives data on quit rate per one hundred employees in manufacturing and the employ

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Econometric Assign the following table gives data on quit rate
per one hundred employees in manufacturing and the employment rate
in manufacturing in the united state for the period 1960 to
1972.
Note: the term quit refer to the people leaving their jobs
voluntarily. Year's quit rate per 100 unem ( Y) employment rate )
X)
1960----1.1----6.2
1961-----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 the quit rate Y is linearly related to the employment
rate X as Yi= formula for the linear regression, estimate the
regression and their standard errors.
c) Compute r square and r
d) interpret your result
e) plot the standard ei and what you learn from this
residual