From the linear model fit to the data on GDP growth in Exercise 45: a) Write the
Question:
From the linear model fit to the data on GDP growth in Exercise 45:
a) Write the equation of the regression line.
b) What is the meaning of the intercept? Does it make sense in this context?
c) Interpret the meaning of the slope.
d) In a year in which the developed countries grow 4%, what do you predict for the developing world?
e) In 2007, the developed countries experienced a 2.65% growth, while the developing countries grew at a rate of 6.09%. Is this more or less than you would have predicted?
f) What is the residual for this year?
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a The output of regression analysis gives the coefficients of the linear model equation The y intercept is given as 338 The slope which is given as th...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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