Question: A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below: Inflation Rate Unemployment Rate
A research was carried out to study the relationship between inflation rate and unemployment rate.The data were summarized in thetable below:
| Inflation Rate | Unemployment Rate |
| 4.5 | 9.5 |
| 2.3 | 4.5 |
| 3.6 | 6.7 |
| 6.6 | 10.2 |
| 0.8 | 2.6 |
| 1.7 | 3.2 |
| 2.7 | 5.2 |
Construct a simple linear regression equation of the two variable. Which one is correct?
a) Y'= 5.2983 + 5.4780 X
b)Y'= 0.2983 + 1.4780 X
c)Y'= 1.2983 + 1.4780 X
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