Question
The following data shows how unemployment in Ontario compares with weekly income, number of job vacancies, and average weekly income between 2011 and 2018. Year
The following data shows how unemployment in Ontario compares with weekly income, number of job vacancies, and average weekly income between 2011 and 2018.
Year | Average Weekly Income ($) | Number of Job Vacancies ('000) | Number of Unemployed Ontarians ('000) |
---|---|---|---|
2011 | 893 | 74.3 | 569.1 |
2012 | 906 | 79.1 | 573.8 |
2013 | 920 | 66.4 | 560.3 |
2014 | 938 | 76.0 | 540.7 |
2015 | 963 | 80.0 | 502.9 |
2016 | 974 | 79.1 | 489.9 |
2017 | 992 | 104.5 | 451.8 |
2018 | 1021 | 136.4 | 430.7 |
where | x1=x1= Year |
x2=x2= Average Weekly Income ($) | |
x3=x3= Number of Job Vacancies ('000) | |
y=y= Number of Unemployed Ontarians ('000) |
a. Use the data to develop a multiple regression equation to predict the Number of Unemployed Ontarians.
y=y=
++
x1+x1+
x2+x2+
x3x3Round to three decimal places
b. Predict the number of unemployed Ontarians in 2019 if average weekly income is $1,063 and the number of job vacancies is 157,000.
Round to the nearest whole number
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