Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please make a Methodology of simple linear regression model and outline the testable equations, define the variables and their measures and provide theoretical justification of
Please make a Methodology of simple linear regression model and outline the testable equations, define the variables and their measures and provide theoretical justification of the chosen variables and qualitative analyze from the data below.
Year | Unemployment rate (%) | Real GDP(%) |
2012 | 4.420000076 | 1.411314382 |
2013 | 4.327000141 | 4.73421949 |
2014 | 4.289999962 | 5.603514406 |
2015 | 4.295000076 | 4.50120041 |
2016 | 4.320000172 | 2.445651797 |
2017 | 4.277999878 | 5.35336456 |
2018 | 4.333000183 | 3.812351222 |
2019 | 4.447999954 | -0.445563314 |
2020 | 4.715000153 | -15.15081665 |
2021 | 5.238999844 | -4.081424941 |
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