Solve all parts

You intend to investigate the relationship between R&D and the production of industrial product in 10 countries. A simple linear regression model is used. Country R&D (million dollars) Industrial Products (million dollars) 103 450 2 98 390 3 85 340 4 65 280 57 250 63 275 88 360 8 72 310 69 300 10 50 210a. What type of regression is this from the given data? (2 marks) b. What is the a-priori expectation between the two variables? (2 marks) c. State the economic reasoning behind such expectation in (b). (2 marks) d. State mathematical, econometric and sample models for the above scenario. (6 marks) e. Estimate a regression with ordinary least squares (OLS) method. Interpret the slope of the model. (6 marks) f. What kind of policy implication that can be stated with the result in (e). (2 marks)