Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please help me interpret the following data through multiple regression. I can run the regression model through excel, but I am struggling with how to
Please help me interpret the following data through multiple regression. I can run the regression model through excel, but I am struggling with how to interpret the info for a project. I would very much appreciate some guidance.
| Date | Unemployment Rate | Job losers not on temporary layoff | Job losers on temporary layoff | Job leavers | Reentrants | New entrants | Duration Less than 5 weeks | Duration 5-14 weeks | Duration 15-26 weeks | Duration 27 weeks and over | New Cases | Total Cases |
| Nov-19 | 3.6 | 1,987,000 | 820,000 | 769,000 | 1,693,000 | 567,000 | 2,063,000 | 1,742,000 | 910,000 | 1,178,000 | 0 | 0 |
| Dec-19 | 3.6 | 1,959,000 | 821,000 | 833,000 | 1,662,000 | 571,000 | 2,102,000 | 1,777,000 | 830,000 | 1,183,000 | 0 | 0 |
| Jan-20 | 3.5 | 1,948,000 | 607,000 | 835,000 | 1,909,000 | 567,000 | 2,016,000 | 1,758,000 | 863,000 | 1,195,000 | 12 | 12 |
| Feb-20 | 3.5 | 1,916,000 | 776,000 | 766,000 | 1,831,000 | 510,000 | 2,099,000 | 1,811,000 | 778,000 | 1,114,000 | 59 | 71 |
| Mar-20 | 4.4 | 2,158,000 | 2,094,000 | 709,000 | 1,759,000 | 545,000 | 3,422,000 | 1,824,000 | 728,000 | 1,182,000 | 68657 | 68728 |
| Apr-20 | 14.7 | 2,556,000 | 18,015,000 | 549,000 | 1,475,000 | 408,000 | 14,232,000 | 7,066,000 | 680,000 | 997,000 | 976702 | 1045430 |
| May-20 | 13.2 | 2,996,000 | 15,298,000 | 546,000 | 1,636,000 | 524,000 | 3,886,000 | 14,806,000 | 1,009,000 | 1,199,000 | 653057 | 1698487 |
| Jun-20 | 11 | 3,565,000 | 10,614,000 | 560,000 | 2,262,000 | 571,000 | 2,915,000 | 11,522,000 | 1,942,000 | 1,339,000 | 666388 | 2364875 |
| Jul-20 | 10.2 | 3,726,000 | 9,214,000 | 588,000 | 2,302,000 | 527,000 | 3,142,000 | 5,145,000 | 6,512,000 | 1,509,000 | 2035020 | 4399895 |
| Aug-20 | 8.4 | 4,076,000 | 6,145,000 | 614,000 | 2,052,000 | 550,000 | 2,348,000 | 3,105,000 | 6,580,000 | 1,570,000 | 1401174 | 5801069 |
| Sep-20 | 7.9 | 4,424,000 | 4,592,000 | 805,000 | 2,110,000 | 538,000 | 2,549,000 | 2,735,000 | 4,958,000 | 2,413,000 | 1415802 | 7216871 |
| Oct-20 | 6.9 | 4,545,000 | 3,210,000 | 764,000 | 2,005,000 | 515,000 | 2,490,000 | 2,342,000 | 2,671,000 | 3,548,000 | 1639610 | 8856481 |
| Nov-20 | 6.7 | 4,626,000 | 2,806,000 | 689,000 | 1,975,000 | 552,000 | 2,483,000 | 2,440,000 | 1,904,000 | 3,903,000 | 3995828 | 12852309 |
| Dec-20 | 6.7 | 4,260,000 | 3,082,000 | 758,000 | 2,234,000 | 505,000 | 2,915,000 | 2,344,000 | 1,578,000 | 3,963,000 | 7001758 | 19854067 |
| Jan-21 | 6.3 | 4,227,000 | 2,705,000 | 654,000 | 2,055,000 | 563,000 | 2,250,000 | 2,484,000 | 1,321,000 | 4,055,000 | 5841637 | 25695704 |
| Feb-21 | 6.2 | 4,337,000 | 2,259,000 | 707,000 | 2,178,000 | 594,000 | 2,211,000 | 2,254,000 | 1,370,000 | 4,146,000 | 2701558 | 28397262 |
| Mar-21 | 6.1 | 4,198,000 | 2,086,000 | 769,000 | 2,258,000 | 506,000 | 2,178,000 | 1,950,000 | 1,336,000 | 4,216,000 | 2068108 | 30465370 |
| Apr-21 | 6.1 | 4,191,000 | 2,072,000 | 819,000 | 2,118,000 | 580,000 | 2,377,000 | 2,011,000 | 1,137,000 | 4,170,000 | 1770794 | 32236164 |
| May-21 | 5.8 | 3,998,000 | 1,829,000 | 786,000 | 2,174,000 | 506,000 | 2,018,000 | 2,199,000 | 1,243,000 | 3,761,000 | 955827 | 33191991 |
| Jun-21 | 5.9 | 3,923,000 | 1,814,000 | 944,000 | 2,253,000 | 501,000 | 2,005,000 | 2,240,000 | 1,353,000 | 3,970,000 | 477135 | 33669126 |
| Jul-21 | 5.4 | 3,705,000 | 1,220,000 | 926,000 | 2,297,000 | 470,000 | 2,246,000 | 1,763,000 | 1,200,000 | 3,446,000 | 1028336 | 34697462 |
| Aug-21 | 5.2 | 3,230,000 | 1,213,000 | 827,000 | 2,439,000 | 524,000 | 2,116,000 | 1,885,000 | 1,245,000 | 3,124,000 | 3580775 | 38278237 |
| Sep-21 | 4.8 | 2,933,000 | 1,094,000 | 789,000 | 2,262,000 | 498,000 | 2,240,000 | 1,740,000 | 1,041,000 | 2,682,000 | 5050996 | 43329233 |
| Oct-21 | 4.5 | 2,664,000 | 1,026,000 | 844,000 | 2,175,000 | 532,000 | 2,075,000 | 1,852,000 | 1,021,000 | 2,327,000 | 2359118 | 45688351 |
| Nov-21 | 4.2 | 2,482,000 | 870,000 | 839,000 | 2,142,000 | 422,000 | 1,985,000 | 1,708,000 | 906,000 | 2,156,000 | 2325175 | 48013526 |
| Dec-21 | 3.9 | 2,288,000 | 801,000 | 725,000 | 2,024,000 | 508,000 | 1,989,000 | 1,593,000 | 799,000 | 1,989,000 | 5552473 | 53565999 |
| Jan-22 | 4 | 2,265,000 | 952,000 | 953,000 | 1,995,000 | 438,000 | 2,428,000 | 1,619,000 | 819,000 | 1,683,000 | 19639704 | 73205703 |
| Feb-22 | 3.8 | 2,125,000 | 879,000 | 964,000 | 1,971,000 | 429,000 | 2,142,000 | 1,803,000 | 726,000 | 1,691,000 | 5697513 | 78903216 |
| Mar-22 | 3.6 | 2,057,000 | 784,000 | 789,000 | 1,992,000 | 472,000 | 2,303,000 | 1,688,000 | 552,000 | 1,429,000 | 1242647 | 80145863 |
| Apr-22 | 3.6 | 1,993,000 | 857,000 | 794,000 | 1,856,000 | 516,000 | 2,242,000 | 1,630,000 | 526,000 | 1,474,000 | 1091619 | 81237482 |
| May-22 | 3.6 | 1,916,000 | 815,000 | 766,000 | 1,944,000 | 530,000 | 2,052,000 | 1,771,000 | 687,000 | 1,349,000 | 2522180 | 83759662 |
| Jun-22 | 3.6 | 1,802,000 | 832,000 | 833,000 | 1,979,000 | 466,000 | 2,259,000 | 1,576,000 | 777,000 | 1,337,000 | 3657141 | 87416803 |
| Jul-22 | 3.5 | 1,814,000 | 802,000 | 843,000 | 1,822,000 | 465,000 | 2,086,000 | 1,769,000 | 734,000 | 1,093,000 | 3468031 | 90884834 |
| Aug-22 | 3.7 | 1,898,000 | 796,000 | 897,000 | 1,833,000 | 451,000 | 2,227,000 | 1,797,000 | 887,000 | 1,165,000 | 3570418 | 94455252 |
| Sep-22 | 3.5 | 1,758,000 | 772,000 | 904,000 | 1,834,000 | 460,000 | 2,158,000 | 1,643,000 | 901,000 | 1,089,000 | 1735327 | 96190579 |
| Oct-22 | 3.7 | 1,842,000 | 853,000 | 861,000 | 1,873,000 | 494,000 | 2,215,000 | 1,774,000 | 817,000 | 1,169,000 | 1108365 | 97298944 |
| Nov-22 | 3.6 | 1,956,000 | 806,000 | 829,000 | 1,798,000 | 558,000 | 2,244,000 | 1,694,000 | 821,000 | 1,215,000 | 1463345 | 98762289 |
| Dec-22 | 3.5 | 1,815,000 | 814,000 | 825,000 | 1,767,000 | 497,000 | 2,233,000 | 1,639,000 | 826,000 | 1,069,000 | 1848084 | 100610373 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
