The following table gives indices of industrial production of registered unemployed (in hundred thousand) Year: 2000 2001
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Question:
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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