Dependent Variable: INTEREST Method: Least Squares Date: 08/08/20 Time: 17:38 Sample: 2010M01 2019M12 Included observations: 120 Variable с UNEMP R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) Coefficient Std. Error 1-Statistic Prob. 9.586787 1.478492 6.484167 0.0000 -1.232859 0.267930 -4.601419 0.0000 0.152135 Mean dependent var 0.144949 S.D. dependent var 1.105708 Akaike info criterion 144.2656 Schwarz criterion -181.3225 Hannan-Quinn criter. 21.17306 Durbin-Watson stat 0.000011 2.799500 1.195761 3.055375 3.101833 3.074242 0.028137 The above is the regression result between the Australian monthly unemployment rate (UNEMP, independent variable) and monthly interest rate (INTEREST, dependent variable). Both data series are in percentages. Which statement is incorrect about the result? Select one: O a. The sum of squared residuals is 0.1521 Ob. The estimate of error variance is 1.22 O c. If the unemployment rate is 0, the interest rate is expected to be 9.59% O d. If the unemployment rate goes up by 1%, the interest rate is expected to decrease by 1.23%.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

q2- 

Dependent
Variable: INTEREST
Method: Least Squares
Date: 08/08/20 Time: 17:38
Sample: 2010M01 2019M12
Included observations: 120
Variable
с
UNEMP
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
F-statistic
Prob(F-statistic)
Coefficient Std. Error
9.586787 1.478492 6.484167 0.0000
-1.232859 0.267930 -4.601419 0.0000
t-Statistic
0.152135 Mean dependent var
0.144949 S.D. dependent var
1.105708 Akaike info criterion
144.2656 Schwarz criterion
-181.3225 Hannan-Quinn criter.
21.17306 Durbin-Watson stat
0.000011
Prob.
2.799500
1.195761
3.055375
3.101833
3.074242
0.028137
The above is the regression result between the Australian monthly unemployment rate (UNEMP, independent variable) and monthly interest rate (INTEREST, dependent variable). Both data
series are in percentages. Which statement is incorrect about the result?
Select one:
O a. The sum of squared residuals is 0.1521
O b. The estimate of error variance is 1.22
O c. If the unemployment rate is 0, the interest rate is expected to be 9.59%
O d.
If the unemployment rate goes up by 1%, the interest rate is expected to decrease by 1.23%.
Transcribed Image Text:Dependent Variable: INTEREST Method: Least Squares Date: 08/08/20 Time: 17:38 Sample: 2010M01 2019M12 Included observations: 120 Variable с UNEMP R-squared Adjusted R-squared S.E. of regression Sum squared resid Log likelihood F-statistic Prob(F-statistic) Coefficient Std. Error 9.586787 1.478492 6.484167 0.0000 -1.232859 0.267930 -4.601419 0.0000 t-Statistic 0.152135 Mean dependent var 0.144949 S.D. dependent var 1.105708 Akaike info criterion 144.2656 Schwarz criterion -181.3225 Hannan-Quinn criter. 21.17306 Durbin-Watson stat 0.000011 Prob. 2.799500 1.195761 3.055375 3.101833 3.074242 0.028137 The above is the regression result between the Australian monthly unemployment rate (UNEMP, independent variable) and monthly interest rate (INTEREST, dependent variable). Both data series are in percentages. Which statement is incorrect about the result? Select one: O a. The sum of squared residuals is 0.1521 O b. The estimate of error variance is 1.22 O c. If the unemployment rate is 0, the interest rate is expected to be 9.59% O d. If the unemployment rate goes up by 1%, the interest rate is expected to decrease by 1.23%.
Expert Solution
Step 1

The independent variable is monthly unemployment rate, UNEMP and the dependent variable is interest rate, INTEREST.

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman