Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate (%) 1 5.85.8 2 3.23.2 3 5.55.5 4 8.68.6 5 6.16.1 6 6.86.8 7 7.57.5 8 5.25.2 9 11.111.1 10 7.47.4 Step 1 of 2 : Given the model Estimated Unemployment Rate=β0+β1(Year)+εi,Estimated Unemployment Rate=�0+�1(Year)+��, write the estimated regression equation using the least squares estimates for β0�0 and β1�1. Round your answers to two decimal places.
Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate (%) 1 5.85.8 2 3.23.2 3 5.55.5 4 8.68.6 5 6.16.1 6 6.86.8 7 7.57.5 8 5.25.2 9 11.111.1 10 7.47.4 Step 1 of 2 : Given the model Estimated Unemployment Rate=β0+β1(Year)+εi,Estimated Unemployment Rate=�0+�1(Year)+��, write the estimated regression equation using the least squares estimates for β0�0 and β1�1. Round your answers to two decimal places.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
Consider the following table containing unemployment rates for a 10-year period.
Unemployment Rates
| Year | Unemployment Rate (%) |
|---|---|
| 1 | 5.85.8 |
| 2 | 3.23.2 |
| 3 | 5.55.5 |
| 4 | 8.68.6 |
| 5 | 6.16.1 |
| 6 | 6.86.8 |
| 7 | 7.57.5 |
| 8 | 5.25.2 |
| 9 | 11.111.1 |
| 10 | 7.47.4 |
Step 1 of 2 :
Given the model
write the estimated regression equation using the least squares estimates for β0�0 and β1�1. Round your answers to two decimal places.
Estimated Unemployment Rate=β0+β1(Year)+εi,Estimated Unemployment Rate=�0+�1(Year)+��,
write the estimated regression equation using the least squares estimates for β0�0 and β1�1. Round your answers to two decimal places.
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