1.2. What kind of data is given in the table above. 1.3. Do you expect a positive or negative relationship between variables? 1.4. Make a scatter plot of the GDP per capita and exports in Excel and interpret the graph

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1.2. What kind of data is given in the table above.
1.3. Do you expect a positive or negative relationship between
variables?
1.4. Make a scatter plot of the GDP per capita and exports in
Excel and interpret the graph
1.5. Estimate the following simple regression between GDP per
capita and export using EXCEL and interpret the results, (.
The data is available in excel in Moodle.
1.6. Comment on the direction of the relationship between the
variables from the regression. Is it what you expected?
1.7. Test the hypothesis that is 0 at 5% level of significance.
1.8. Test the hypothesis that is 30 at 5% level of significance
1.9. The export share in 2019 is 58.16 in (as shown in the table).
What is the predicted GDP per capita if the export share
increases to70%?
1.10. How much of the variation in GDP per capita is explained
exports?
Transcribed Image Text:1.2. What kind of data is given in the table above. 1.3. Do you expect a positive or negative relationship between variables? 1.4. Make a scatter plot of the GDP per capita and exports in Excel and interpret the graph 1.5. Estimate the following simple regression between GDP per capita and export using EXCEL and interpret the results, (. The data is available in excel in Moodle. 1.6. Comment on the direction of the relationship between the variables from the regression. Is it what you expected? 1.7. Test the hypothesis that is 0 at 5% level of significance. 1.8. Test the hypothesis that is 30 at 5% level of significance 1.9. The export share in 2019 is 58.16 in (as shown in the table). What is the predicted GDP per capita if the export share increases to70%? 1.10. How much of the variation in GDP per capita is explained exports?
A researcher wants to know the determinants of the GDP per
capita in Oman.
To help the researcher, please answer the following questions.
1.1. Write down a list of one dependent and five independent
variables.
The researcher downloaded the GDP per capita and Export (%
of GDP) data for OMAN as given in the following table (The
data is available in the excel file in Moodle).
Time Time Code Y - GDP per capita X - Exports of goods and
services (% of GDP)
1967 YR1967
1496.346
33.76289
1968 YR1968
2643.652
70.13977
1969 YR1969
3221.98
74.6
1970 YR1970
3552.456
73.68914
1971 YR1971
3464.162
65.78737
1972 YR1972
3670.196
59.375
1973 YR1973
3027.759
67.82763
1974 YR1974
3235.722
73.72035
1975 YR1975
3843.289
67.5504
1976 YR1976
4405.979
62.33179
1977 YR1977
4221.113
58.30164
1978 YR1978
3848.739
58.32012
1979 YR1979
3798.28
61.06242
1980 YR1980
3809.379
62.65911
1981 YR1981
4216.91
64.68711
1982 YR1982
4451.251
58.54602
1983 YR1983
4922.323
53.6516
1984 YR1984
5463.98
50.28061
1985 YR1985
5949.347
49.82783
1986 YR1986
5824.481
39.24652
1987 YR1987
5420.347
48.87794
1988 YR1988
5544.257
40.0062
1990 YR1990
5730.261
47.23007
1991 YR1991
5816.393
43.06549
1992 YR1992
6021.192
44.71689
1993 YR1993
6111.329
43.05105
1994 YR1994
6122.693
43.00123
1995 YR1995
6265.727
44.03535
1996 YR1996
6363.114
49.81019
1997 YR1997
6707.723
50.03695
1998 YR1998
6878,537
41.96959
1999 YR1999
6860.69
48.6876
2000 YR2000
7189.592
53.68904
2001 YR2001
7423.522
51.7027
2002 YR2002
7216.37
49.10328
2003 YR2003
6872.741
49.75836
2004 YR2004
6792.592
51.37792
2005 YR2005
6779.529
58.27964
2006 YR2006
6951.33
56.17247
2007 YR2007
7052.083
56.48321
2008 YR2008
7370.146
58.48041
2009 YR2009
7480.149
50.63611
2010 YR2010
7413,51
67.48575
2011 YR2011
6858.616
72.82669
2012 YR2012
6969.325
71.55757
2013 YR2013
6758.677
75.37815
2014 YR2014
6492.106
70.24787
2015 YR2015
6413.444
57.1371
2016 YR2016
6413.105
47.41535
2017 YR2017
6177.797
52.3582
2018 YR2018
6073.839
58.25848
2019 YR2019
5925.678
58.16216
1.2. What kind of data is given in the table above.
1.3. Do you expect a positive or negative relationship between
variables?
1.4. Make a scatter plot of the GDP per capita and exports in
Excel and interpret the graph
CDD
Transcribed Image Text:A researcher wants to know the determinants of the GDP per capita in Oman. To help the researcher, please answer the following questions. 1.1. Write down a list of one dependent and five independent variables. The researcher downloaded the GDP per capita and Export (% of GDP) data for OMAN as given in the following table (The data is available in the excel file in Moodle). Time Time Code Y - GDP per capita X - Exports of goods and services (% of GDP) 1967 YR1967 1496.346 33.76289 1968 YR1968 2643.652 70.13977 1969 YR1969 3221.98 74.6 1970 YR1970 3552.456 73.68914 1971 YR1971 3464.162 65.78737 1972 YR1972 3670.196 59.375 1973 YR1973 3027.759 67.82763 1974 YR1974 3235.722 73.72035 1975 YR1975 3843.289 67.5504 1976 YR1976 4405.979 62.33179 1977 YR1977 4221.113 58.30164 1978 YR1978 3848.739 58.32012 1979 YR1979 3798.28 61.06242 1980 YR1980 3809.379 62.65911 1981 YR1981 4216.91 64.68711 1982 YR1982 4451.251 58.54602 1983 YR1983 4922.323 53.6516 1984 YR1984 5463.98 50.28061 1985 YR1985 5949.347 49.82783 1986 YR1986 5824.481 39.24652 1987 YR1987 5420.347 48.87794 1988 YR1988 5544.257 40.0062 1990 YR1990 5730.261 47.23007 1991 YR1991 5816.393 43.06549 1992 YR1992 6021.192 44.71689 1993 YR1993 6111.329 43.05105 1994 YR1994 6122.693 43.00123 1995 YR1995 6265.727 44.03535 1996 YR1996 6363.114 49.81019 1997 YR1997 6707.723 50.03695 1998 YR1998 6878,537 41.96959 1999 YR1999 6860.69 48.6876 2000 YR2000 7189.592 53.68904 2001 YR2001 7423.522 51.7027 2002 YR2002 7216.37 49.10328 2003 YR2003 6872.741 49.75836 2004 YR2004 6792.592 51.37792 2005 YR2005 6779.529 58.27964 2006 YR2006 6951.33 56.17247 2007 YR2007 7052.083 56.48321 2008 YR2008 7370.146 58.48041 2009 YR2009 7480.149 50.63611 2010 YR2010 7413,51 67.48575 2011 YR2011 6858.616 72.82669 2012 YR2012 6969.325 71.55757 2013 YR2013 6758.677 75.37815 2014 YR2014 6492.106 70.24787 2015 YR2015 6413.444 57.1371 2016 YR2016 6413.105 47.41535 2017 YR2017 6177.797 52.3582 2018 YR2018 6073.839 58.25848 2019 YR2019 5925.678 58.16216 1.2. What kind of data is given in the table above. 1.3. Do you expect a positive or negative relationship between variables? 1.4. Make a scatter plot of the GDP per capita and exports in Excel and interpret the graph CDD
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