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Use the data in & entitled Civilian Labor Force Participation Rate (CLFPR), Civilan Unemployment Rate (CUNR), and Average Hourly Earnings (AHE) to estimate the following

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Use the data in \& entitled Civilian Labor Force Participation Rate (CLFPR), Civilan Unemployment Rate (CUNR), and Average Hourly Earnings (AHE) to estimate the following regression models using EVIEWS: 1. univariable regression model: CVLFR t=b1+b2CUNRq+ct 2. multivariable variable regression model (This is the same multivariable model estimated in Individual Assignment 3): CVLFPR =b1+b2CUNRt+b3AHEt+ct In this case, the multivariable regression model 2 is the unrestricted regression model and Model 1 is the restricted model since the average hourly earnings (AHE82) variable is excluded and its partial regression coefficient is hypothesized to equal zero. Apply the following Restricted Least Squares F-test to determine if the AHE82 variable should be included in the regression model: Fqnik=[(RSSRRSSuR)/q]/RSSuk+k where RSSR and RSSUR are the restricted and unrestricted residual sum of squares, respectively, q equals the number of restrictions, and n - k equals the degrees of freedom in the unrestricted model. SHOW ALL WORK TABLE 1 1 U.S Civilian Labor Force Participation Rate, Civilian Unemployment Rate and Real

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