Question: 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

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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The estimated regression equation is 90 4 x x y y 2 x 2 5 100 102 4 1 7 60 78 ... View full answer

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