Question: Data for fitting an improved Phillips curve model can be obtained from many sources, including the Bureau of Economic Analysiss (BEA) own website, Economagic. Com

Data for fitting an improved Phillips curve model can be obtained from many sources, including the Bureau of Economic Analysis’s (BEA) own website, Economagic. Com and so on, obtain the necessary data and expand the model of example 12.3, does adding additional explanatory variables to the model reduce the extreme pattern of the OLS residuals that appears in Figure 12.3?

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