Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The index of deflated turnover for retail trade shows the activity in volume of the retail trade sector. This index is reported with 2005= 100.

The index of deflated turnover for retail trade shows the activity in volume of the retail trade sector. This index is reported with 2005= 100. The accompanying table holds the index for 43 countries for the years 2007 and 2010. 

Find a regression model predicting the 2010 index from the index in 2007 for the sample of 43 countries.

2010 index = 123.429 +.7003 x 2007 index (Round to three decimal places as needed.) Country 2007 Index 2010_Index 116.6 106.2 109.2 102.4 134.1 170.9 104.6 103.8 133.8 111.7 90.9 116.4 115.4 117.1 102.7 125.1 119.7 134.5 8. 124.2 118.6 118.5 93.9 10 11 12 130.3 101.5 109.9 106.3 99.2 111.2 103.3 116.8 115.9 100.7 99.7 109.7 13 112.1 14 112.5 15 96.9 16 93.6 17 93.5 18 78.1 19 106.3 20 96.9 100.9 121.5 21 22 23 139.1 91.3 24 121.8 92.3 122.8 104.2 25 108.1 104.4 105.4 107.1 108.8 112.8 26 27 104.3 101.8 103.7 116.7 143.1 28 29 30 31 124.1 101.9 110.9 32 99.5 33 143.3 146.9 152.6 109.8 108.5 34 144.1 131.9 113.9 109.4 35 36 37 119.7 104.5 38 121.2 39 91.3 106.7 107.9 108.6 102.2 40 111.2 41 114.8 42 111.7 43 93.9

Step by Step Solution

3.33 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Statistics

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

3rd Edition

978-0321944726, 321925831, 9780321944696, 321944720, 321944690, 978-0321925831

More Books

Students also viewed these Mathematics questions

Question

=+How would you respond to Sergio Alonzos request?

Answered: 1 week ago

Question

What are the different components of a time-series model?

Answered: 1 week ago