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Some investors feel that since AT&T is such a large utility company, its earnings per share (EPS) should be related to the gross national product

Some investors feel that since AT&T is such a large utility company, its earnings per share (EPS) should be related to the gross national product (GNP). From the data in the accompanying table perform the following:

GNP AT&T EPS
Year Billions of Dollars Dollars
2004 520.1 0.82
2005 560.3 0.86
2006 590.5 0.88
2007 632.4 1.02
2008 684.9 1.08
2009 747.6 1.18
2010 789.7 1.22

a.) Estimate the least-square line; the standard error of each of the regression coefficients; the t-values; the coefficient of determination; the standard error of the regression; and the F value.

b.) Interpret all the information conveyed by the regression statistics above.

c.) Determine the point forecast of EPS when GNP= 800.

d.) What is the 95 percent confidence interval for your point forecast from part (c).

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