Question: a. Plot graphically three graphs: one relates GNP and inflation, another one relates GNP and unemployment, and another graph relates inflation and unemployment. b. Find
a. Plot graphically three graphs: one relates GNP and inflation, another one relates GNP and unemployment, and another graph relates inflation and unemployment. b. Find the mean, standard deviation, minimum, and maximum of these three variables and interpret briefly your findings. c. Now, re-plot graphically the same three graphs, as part a, but for each party separate Part 2: Test if there is a difference between the two politica
| Presidential Data Set | |||||
| Presidential Administrations, 1901-2000 | 2007 | ||||
| Annual Data Set | |||||
| PRESIDENT/TERM/PARTY | YEAR | GNP | UNMP | INF | PARTY (R: Republican, D: Democrat) |
| McKinley-Roosevelt | 1901 | 11.429 | 4.0 | 0.000 | R |
| (1901-1904) | 1902 | 0.924 | 3.7 | 4.000 | R |
| Republican | 1903 | 4.993 | 3.9 | 3.846 | R |
| 1904 | 8.694 | 5.4 | 0.000 | R | |
| Roosevelt | 1905 | -2.433 | 4.3 | 0.000 | R |
| (1905-1908) | 1906 | 11.621 | 1.7 | 0.000 | R |
| Republican | 1907 | 1.593 | 2.8 | 3.704 | R |
| 1908 | -8.259 | 8.0 | -3.571 | R | |
| Taft | 1909 | 16.577 | 5.1 | 0.000 | R |
| (1909-1912) | 1910 | 2.822 | 5.9 | 3.704 | R |
| Republican | 1911 | 2.596 | 6.7 | 0.000 | R |
| 1912 | 5.662 | 4.6 | 3.571 | R | |
| Wilson | 1913 | 0.922 | 4.3 | 2.414 | D |
| (1913-1916) | 1914 | -4.415 | 7.9 | 1.347 | D |
| Democrat | 1915 | -0.875 | 8.5 | 0.997 | D |
| 1916 | 7.882 | 5.1 | 7.566 | D | |
| Wilson | 1917 | 0.666 | 4.6 | 17.431 | D |
| (1917-1920) | 1918 | 12.285 | 1.4 | 17.448 | D |
| Democrat | 1919 | -3.552 | 1.4 | 14.856 | D |
| 1920 | -4.380 | 5.2 | 15.830 | D | |
| Harding-Coolidge | 1921 | -8.706 | 11.7 | -10.667 | R |
| (1921-1924) | 1922 | 15.794 | 6.7 | -6.343 | R |
| Republican | 1923 | 12.103 | 2.4 | 1.793 | R |
| 1924 | -0.246 | 5.0 | 0.196 | R | |
| Coolidge | 1925 | 8.399 | 3.2 | 2.539 | R |
| (1925-1928) | 1926 | 5.911 | 1.8 | 0.952 | R |
| Republican | 1927 | -0.108 | 3.3 | -1.887 | R |
| 1928 | 0.579 | 4.2 | -1.346 | R | |
| Hoover | 1929 | 6.652 | 3.2 | 0.000 | R |
| (1929-1932) | 1930 | -8.961 | 8.7 | -2.534 | R |
| Republican | 1931 | -6.465 | 15.9 | -8.800 | R |
| 1932 | -13.338 | 23.6 | -10.307 | R | |
| Roosevelt | 1933 | -1.310 | 24.9 | -5.134 | D |
| (1933-1936) | 1934 | 10.925 | 21.7 | 3.351 | D |
| Democrat | 1935 | 8.964 | 20.1 | 2.494 | D |
| 1936 | 12.974 | 16.9 | 0.973 | D | |
| Roosevelt | 1937 | 5.376 | 14.3 | 3.614 | D |
| (1937-1940) | 1938 | -3.605 | 19.0 | -1.860 | D |
| Democrat | 1939 | 8.125 | 17.2 | -1.422 | D |
| 1940 | 8.491 | 14.6 | 0.962 | D | |
| Roosevelt | 1941 | 17.126 | 9.9 | 5.000 | D |
| (1941-1944) | 1942 | 18.700 | 4.7 | 10.658 | D |
| Democrat | 1943 | 16.272 | 1.9 | 6.148 | D |
| 1944 | 7.987 | 1.2 | 1.737 | D | |
| Roosevelt-Truman | 1945 | -1.147 | 1.9 | 2.277 | D |
| (1945-1948) | 1946 | -10.882 | 3.9 | 8.534 | D |
| Democrat | 1947 | -1.033 | 3.9 | 14.359 | D |
| 1948 | 4.301 | 3.8 | 7.773 | D | |
| Truman | 1949 | -0.801 | 5.9 | -0.971 | D |
| (1949-1952) | 1950 | 8.898 | 5.3 | 0.980 | D |
| Democrat | 1951 | 7.696 | 3.3 | 7.906 | D |
| 1952 | 3.745 | 3.0 | 2.185 | D | |
| Eisenhower | 1953 | 4.533 | 2.9 | 0.755 | R |
| (1953-1956) | 1954 | -0.656 | 5.5 | 0.373 | R |
| Republican | 1955 | 7.149 | 4.4 | -0.372 | R |
| 1956 | 2.002 | 4.1 | 1.493 | R | |
| Eisenhower | 1957 | 1.909 | 4.3 | 3.309 | R |
| (1957-1960) | 1958 | -1.109 | 6.8 | 2.847 | R |
| Republican | 1959 | 7.384 | 5.5 | 0.692 | R |
| 1960 | 2.430 | 5.5 | 1.718 | R | |
| Kennedy-Johnson | 1961 | 2.333 | 6.7 | 1.014 | D |
| (1961-1964) | 1962 | 6.114 | 5.5 | 1.003 | D |
| Democrat | 1963 | 4.281 | 5.7 | 1.325 | D |
| 1964 | 5.839 | 5.2 | 1.307 | D | |
| Johnson | 1965 | 6.364 | 4.5 | 1.613 | D |
| (1965-1968) | 1966 | 6.424 | 3.8 | 2.857 | D |
| Democrat | 1967 | 2.546 | 3.8 | 3.086 | D |
| 1968 | 4.677 | 3.6 | 4.192 | D | |
| Nixon | 1969 | 2.981 | 3.5 | 5.460 | R |
| (1969-1972) | 1970 | 0.111 | 4.9 | 5.722 | R |
| Republican | 1971 | 3.365 | 5.9 | 4.381 | R |
| 1972 | 5.498 | 5.6 | 3.210 | R | |
| Nixon-Ford | 1973 | 6.006 | 4.9 | 6.220 | R |
| (1973-1976) | 1974 | -0.504 | 5.6 | 11.036 | R |
| Republican | 1975 | -0.684 | 8.5 | 9.128 | R |
| 1976 | 5.521 | 7.7 | 5.762 | R | |
| Carter | 1977 | 4.751 | 7.1 | 6.503 | D |
| (1977-1980) | 1978 | 5.312 | 6.1 | 7.591 | D |
| Democrat | 1979 | 3.163 | 5.8 | 11.350 | D |
| 1980 | -0.354 | 7.1 | 13.499 | D | |
| Reagan | 1981 | 2.122 | 7.6 | 10.316 | R |
| (1981-1984) | 1982 | -2.262 | 9.7 | 6.161 | R |
| Republican | 1983 | 3.921 | 9.6 | 3.212 | R |
| 1984 | 6.877 | 7.5 | 4.317 | R | |
| Reagan | 1985 | 3.258 | 7.2 | 3.561 | R |
| (1985-1988) | 1986 | 2.890 | 7.0 | 1.859 | R |
| Republican | 1987 | 2.854 | 6.2 | 3.650 | R |
| 1988 | 3.893 | 5.5 | 4.137 | R | |
| Bush | 1989 | 3.355 | 5.3 | 4.818 | R |
| (1989-1992) | 1990 | 1.338 | 5.6 | 5.403 | R |
| Republican | 1991 | -1.009 | 6.8 | 4.208 | R |
| 1992 | 2.635 | 7.5 | 3.010 | R | |
| Clinton | 1993 | 2.438 | 6.9 | 2.994 | D |
| (1993-1996) | 1994 | 3.294 | 6.1 | 2.561 | D |
| Democrat | 1995 | 2.423 | 5.6 | 2.834 | D |
| 1996 | 3.376 | 5.4 | 2.953 | D | |
| Clinton | 1997 | 3.678 | 4.9 | 2.294 | D |
| (1997-2000) | 1998 | 2.400 | 4.9 | 2.243 | D |
| Democrat | 1999 | 2.000 | 5.1 | 2.194 | D |
| 2000 | 2.000 | 5.3 | 2.266 | D | |
| Bush (2001-2008) | 2001 | 1.870 | 4.7 | 1.600 | R |
| Republican | 2002 | 0.400 | 5.8 | 2.400 | R |
| 2003 | 1.000 | 6.0 | 1.900 | R | |
| 2004 | 1.800 | 5.5 | 3.300 | R | |
| 2005 | 2.000 | 5.1 | 3.400 | R | |
| 2006 | 1.700 | 4.6 | 2.500 | R | |
| 2007 | 0.300 | 4.6 | 4.100 | R |
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