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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:

i.Identify the dependent and the independent variables[1 Mark]

ii.By first computing the regression coefficient "a" and "b", state the regression

equation of y on x.[6 Marks]

iii.Sketch your results in (iii) above[3 Marks]

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