The Aurora city economist, I. C. Recession, uses the previous years growth in the money supply (in
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= -5.4 + 2.1X
sb = .007 Sy|x = 2.0 r2 = .99 = 3.2 sx = 3.0
Interpret this regression equation; then forecast next year’s inflation rate if the money supply grows by 8.2%. Place 90% confidence limits around this estimate. What is the probability that the rate of inflation will be over 15%?
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Related Book For
Applied Statistics For Public And Nonprofit Administration
ISBN: 9781285737232
9th Edition
Authors: Kenneth J. Meier, Jeffrey L. Brudney, John Bohte
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