You have a regression equation as follows: GDPt=a+B1Mt + B2Pt + ut where: t GDPt = Mt = time period growth of gross domestic product (96) growth of money supply (95) percentage change of consumer price index (CPI) (%) stochastic disturbance term Pt II ut II 1) Based on the regression equation, construct the estimated regression equation. 2) Describe the residual precisely. Elucidate in what way it is related to ut