Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Ra
Posted: Sun Oct 03, 2021 3:09 pm
Consider the following table containing unemployment rates for a
10-year period.
Unemployment Rates
Year Unemployment Rate (%)
1 9.1
2 4.2
3 4.5
4 6.8
5 7.1
6 9.5
7 9.1
8 6.9
9 10.3
10 10.6
Step 1 of 2 : Given the model Estimated Unemployment
Rate=β0+β1(Year)+εi, write the estimated regression equation using
the least squares estimates for β0 and β1. Round your answers to
two decimal places.
10-year period.
Unemployment Rates
Year Unemployment Rate (%)
1 9.1
2 4.2
3 4.5
4 6.8
5 7.1
6 9.5
7 9.1
8 6.9
9 10.3
10 10.6
Step 1 of 2 : Given the model Estimated Unemployment
Rate=β0+β1(Year)+εi, write the estimated regression equation using
the least squares estimates for β0 and β1. Round your answers to
two decimal places.