Economic activity. Determine whether the Monthly Industrial Production Index will inf luence by the Total Employment in

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Economic activity. Determine whether the Monthly Industrial Production Index will inf luence by the Total Employment in Australia by using the data provided by OECD.Stat from January 2015 to March 2020. (https://

stats.oecd.org/index.aspx?queryid=21761)

a) Find a regression model predicting Monthly Industrial Production Index from the Total Employment.

b) Examine the residuals to determine if a linear regression is appropriate.

c) Test an appropriate hypothesis to determine if the association is significant.

d) What percentage of the variability in Monthly Industrial Production Index is accounted for by the regression model?

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Business Statistics

ISBN: 9781292269313

4th Global Edition

Authors: Norean Sharpe, Richard De Veaux, Paul Velleman

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