Kumar, a student at ILAC is concern about the current prices of goods and services in Answer the following questions: Danada. He learned that when the economy is doing well, he can easily secure a job a) calculate the central tendencies (Mode, Median, and Mean] for all variables in the after completing his education, all else equal. Given the current inflation rates, he is table. concern this can negatively impact economic growth in Canada and hence his chances of (3 marks] securing a job after school. Kumar decided to research this problem and collected the b) Calculate the standard deviation and variance for all variables in the table. secondary data from statistics Canada. The data is presented below: [2 marks) () Plot the scatter plot for the following Consumer Total Unemployed vs CPI Total Price Index Governments Estimate: unemployed Real GDP Net Export Expenditure Total Unemployed vs Government Spending 2000 1,081.80 1,297,580 95.4 137,481 293,787 Total Unemployed vs Real GDP 2001 1,161.80 1,338,030 97.8 303,792 2002 1,269.30 ,378,186 100 140,970 310,663 iv. Total Unemployed vs Net Export. 2003 1.283.30 1.423,404 102.8 115,060 319,611 1 479.473 325,604 [4 marks] 2004 1,232.10 104.7 109,159 2005 1,168.60 1.545,758 107 88.929 329,067 2006 1,107.30 1,613,495 109. 68.398 338,121 d) calculate the correlation coefficient for "question c" 2007 1,080.90 1,673,311 111.5 45,726 346.151 [4 marks] 2108 1,117.90 1,720,359 14.1 14,556 359,171 e) Estimate the above regression model. 2009 1,526.80 1,632,774 114.4 9,589 368,856 2010 1492.70 1,767,160 16.5 23,388 377,158 [2 marks] 2011 403.00 1 813,380 19.9 28,641 382, 104 2012 1.374.50 1.855 935 121.7 34,525 384,770 f) State and interpret the estimated regression equation. 2013 1.347.50 .886. 175 122.8 33,116 381,730 [2 marks) 2014 1,320.20 1.925.514 125.2 12,406 383,840 g) Is the model a good fit for the data? How can you tell? 2015 1,326.70 1,930.872 126.6 3,618 389,072 2016 1,358.70 1,939,769 128.4 12,092 395,989 [2 marks] 2017 1,249.20 2,003,482 130.4 -7.512 404 367 2018 1,164.00 2,057,995 133.4 4,384 417.274 2019 1,154.20 2,082,110 136 8.092 424,569 hj provide the hypothesis testing for the overall significance of your regression. 2020 1 897.40 1.996 456 137 15.071 424.664 [3 marks] iState two hypothesis that can be tested in this research. (Note: you can not include the hypothesis for the overall significance of the model) Kumar estimated this model: Total Unemployed, = B. + 8 Real GDP + B.CPI = 3, Net Export + B Government Expenditure - U., [2 marks] Describe in detailed how you will perform one of the hypotheses in *" [2 marks
