Question: 10. The United States has a GDP per capita of approximately 62,000. What does the regression model predict about the US purchasing power index?

10. The United States has a GDP per capita of approximately 62,000.

10. The United States has a GDP per capita of approximately 62,000. What does the regression model predict about the US purchasing power index? 11. The actual purchasing power index of the US is 109.5. Calculate the unexplained deviation for this data point. Does this put the US above or below the regression line? Purchasing Power nder - 136-- 4R0 son 150 100 20000 40000 e0000 ODP per capita Figure 9.10: Scatterplot and least squares regression line for GDP per capita versus pur- chasing power index, with data provided by the UN for 2017. puod buseuan

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