Refer to Exercise 5, where we are trying to link the unemployment rate (x) to the consumer

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Refer to Exercise 5, where we are trying to link the unemployment rate (x) to the consumer confidence index (y). The estimated regression equation there was ŷ =162 – 12x. Can we reject the hypothesis that the population slope, , is 0 at the 5% significance level? Explain the implications of your answer.
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Understanding Business Statistics

ISBN: 978-1118145258

1st edition

Authors: Stacey Jones, Tim Bergquist, Ned Freed

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