Question: (a) Using the data in FOREST.XLS (see Exercise 4.1) run a regression of Y on X. What is the R 2 ? (b) Calculate the

(a) Using the data in FOREST.XLS (see Exercise 4.1) run a regression of Y on X.

What is the R 2

?

(b) Calculate the correlation between Y and X.

(c) Discuss the relationship between your answers in

(a) and (b).

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