Question: a. Given the data from Table 14.1, estimate the multiple regression model with debt payments as the response variable and income and the unemployment rate

a. Given the data from Table 14.1, estimate the multiple regression model with debt payments as the response variable and income and the unemployment rate as the explanatory variables.

b. Interpret the regression coefficients.

c. Predict debt payments if income is $80,000 and the unemployment rate is 7.5%.

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