The growth of a country's Gross Domestic Product (GDP) refers to the strength of the economy. Long-term interest rates, on the other hand, reflect the outlook for inflation in the future. It is said that the economic growth often fuels inflation or inflationary expectations. Given below are the Canadian long-term interest rates and Canadian GDP growth rates (as percentages) for some recent years. Determine the equation of the regression line to predict the long- term interest rates from the GDP growth. Compute the standard error of the estimate for this model. Compute the value of r. Does GDP growth appear to be a good predictor of the long-term interest rate? Why or why not?

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