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The following table gives indices of industrial production of registered unemployed (in hundred thousand) Year: 2000 2001 2002 2003 2004 2005 2006 2007 Index of

The following table gives indices of industrial production of registered unemployed (in hundred thousand)          

Year:
2000
2001
2002
2003
2004
2005
2006
2007
Index of Production
100
102
104
107
105
112
103
99
No. unemployed
15
12
13
11
12
12
19
26

Required:

  • Identify the dependent and the independent variables                                      
  • By first computing the regression coefficient “a” and “b”, state the regression equation of y on x.                                                                                             

 Sketch your results                                                            

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