Question: Refer to the Longley data given in Section 10.10. Repeat the regression given in the table there by omitting the data for 1962; that is,

Refer to the Longley data given in Section 10.10. Repeat the regression given in the table there by omitting the data for 1962; that is, run the regression for the period 1947–1961. Compare the two regressions. What general conclusion can you draw from this exercise?

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