Given below are data on the number of business establishments (millions) and the self-employment rate (%) released by the Small Business Administration, Office of Advocacy, for a 21-year period of U.S. business activity. Develop a regression model to predict the self-employment rate by the number of business establishments. Use this model to predict the self-employment rate for a year in which there are 7.0 (million) business establishments. Discuss the strength of the regression model. Use these data and the regression model to compute a Durbin-Watson test to determine whether significant autocorrelation is present. Let alpha be.05.
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