Assume that you are a research analyst in a business firm. Your team leader has given you a research

task to investigate whether the Private Gross Fixed Capital Formation (on Machinery and

Equipment) in Australia is a good predictor of the Gross Domestic Production of the country.

Using the link given below, download the data on the following two variables from the Australian

Bureau of Statistics (ABS) website and answer the questions 1-6.

Link for the data set:

Data l..s@.nsf/viewcontent?readform&view=ProductsbyCatalogue&

Action=expandwithheader&Num=1

(ABS Catalogue Number: 52: National Accounts>>5206.0 Australian National Accounts: National

Income, Expenditure and Product. >> data downloads >> Table 3. Expenditure on Gross Domestic

Product (GDP), Current prices Excel sheet)> Data1 sheet

Variables:

(A) PRIVATE GROSS FIXED CAPITAL FORMATION - MACHINERY AND EQUIPMENT -

Total (original) in $ Millions; - quarterly data (Series ID A2302532K) from March 1986

to December 2020.

(B) GROSS DOMESTIC PRODUCT: (original) in $ Millions; - quarterly data (Series ID

A2302467A) from March 1986 to December 2020.

1. Download data (in excel format) for PRIVATE GROSS FIXED CAPITAL FORMATION -

MACHINERY AND EQUIPMENT (GFCF) and GROSS DOMESTIC PRODUCT (GDP) for

the period March 1986 to December 2020 from the above website to carry out Tasks 2-6.

Display a screenshot of first 10 rows of the dataset.

2. Using appropriate graphical descriptive techniques (in Excel):

(a) describe the movements of two data series GFCF and GDP.

(b) analyse the relationship between the two variables, GFCF and GDP.

3. Using appropriate numerical descriptive methods (in Excel):

(a) summarize the above two data series, GFCF and GDP.

(b) comment on the strength and the direction of the relationship between GFCF and GDP.

4. Using the Simple Linear Regression technique,

(a) develop a model to explain the relationship between GFCF and GDP. Explain the reason for

your choice of the dependent and independent variables of your model.

(b) estimate the model you proposed in 4(a) using Excel and display the output.

(c) interpret the estimated coefficients you obtained in 4(b).

5. Applying appropriate statistical techniques,

(a) test whether the linear relationship between Gross Fixed Capital Formation - Machinery and

the equipment and Gross Domestic Product you estimated in Q4 is significant (use a = 0.05).

(Hint: display 6 steps process in relation to this test).

(b) assess the fitness of the estimated model you have estimated in Q4.

6. Based on all your answers above, need a summary report about your findings to hand over to

your team leader

This is the link to data:

https://drive.google.com/file/d/1R6XvbGDKJp68BlylImzOxwJuBXc0JP_g/view?usp=sharing

01.FEV1, forced expiratory volume, the amount of air a person can blow out in 1 second after breathing in deeply, is an easy way to assess lung function. The units are liters/ 1 second.

Researchers studying asthma were interested in how children's FEV1 varied with their height. The data le is attached below..

For this question, the outcome variable is fev1 and the explanatory variable is height.

The fev1 values are in liters of air in the rst second. The heights are measured in inches.

There are 351 children in the dataset.

1.1 Based on this plot, does a line give a good summary of the relationship between FEV1 and height? Explain your reasoning.

1.2 Is the variability of the observed points around the tted least squares line roughly constant? Explain your reasoning. Focus on the observations with heights between 50 and 65 inches, where there are good numbers of observations

1.3 Explain why we do not have to look at the distribution of the standardized residuals to know that it is OK to use methods based on the t distribution to nd condence intervals and carry out hypothesis tests for these data

1.4 analyze the data using the least squares regression line.

what is the averages and standard deviations of fev1 and height and the Pearson correlation coefcient. Paste your results.

1.5 Use the R lm function or equivalent software to t the least squares regression. If you are using R, you will need to save your results in an R object, as illustrated in our course materials. Paste your results

1.6 what is the slope estimate from the Pearson correlation coefcient and the standard deviations of fev1 and height. [Show intermediate steps.]Include the units for the slope

1.7 what is the intercept estimate. [Show intermediate steps.] Include the units for the intercept

1.8 what is the equation for the tted regression line.

1.9Explain why it is not of any concern that the least squares line has a negative value for the intercept

1.10The investigators want to know if these data provide evidence to support the hypothesis that mean FEV1 is higher for children who are taller. State the null and alternative hypotheses for the investigator's question

1.11 what is the test statistic. [Show intermediate steps.]

1.12 What are the degrees of freedom for the test? Explain your reasoning and include your calculations

1.13 Using your answer to question 1.11 explain how you know the P value is very small

1.14 Using P < .01 as the criterion for statistical signicance, state the test conclusion in asentence for the investigators.

1.15 What is the standard deviation of the residuals, and what are its units? What does the standard deviation of the residuals tell us about the closeness of the observed points to the tted line?

1.16 what isR22 from the sums of squares and interpret it.

1.17Explain why it would not be wise to use your regression model to estimate the mean FEV1 of children 42 inches in height