The Caribbean Economic Council (CEC) is pessimistic above the economic performance of the region, given the recent spikes in inflation and the negative impact that the Russia- Ukraine conflict has been having on global trade. Using GDP as a measurement for economic performance, the following OLS model is estimated from a sample of 130 countries: GDP = 1.32 + 3.61stock -2 log(m) + 1.01xmy - 3.8FXvol (1.970) (2.352) (1.900) (1.887) (0.362) n = 120 R? = 0.40 Where: GDP = GDP Growth STOCK = Stock market performance I = Annual inflation rate xm = Net Export FXvol = Foreign exchange volatility The standard errors are in the 0. a. What is your interpretation of the coefficients on log(n,)? (2 marks) b. Comment on the coefficient of variation. (1 mark) c. Testing at the 5% level of significance: i. Conduct the appropriate hypothesis test to determine if stock market performance is a significant estimator of economic growth. Be sure toThe standuru . a. What is your interpretation of the coefficients on log(n)? (2 marks) b. Comment on the coefficient of variation. (1 mark) c. Testing at the 5% level of significance: i. Conduct the appropriate hypothesis test to determine if stock market performance is a significant estimator of economic growth. Be sure to clearly outline each step of the hypothesis test. (6 marks) ii. Based on your conclusion in 3Ci above, should stock market performance be removed from the model? Why? (2 marks) d. Testing at the 5% level of significance: i. Evaluate the significance of xm and FXvol, given the F-critical value of 3.00 and the coefficient of determination for the restricted model is 0.29. Be sure to clearly outline each step of the hypothesis test. (7 marks) ii. What is the restricted model? (1 marks) c. Intuitively explain why the coefficient on FXvol is negative. (1 mark)