Question: answer the questions 2. Data is collected on the number of building permits issued each month and the mortgage interest rate in that particular month.

answer the questions

answer the questions 2. Data is collected on the
2. Data is collected on the number of building permits issued each month and the mortgage interest rate in that particular month. Following is an EXCEL output of the regression of BP on Int (where BP is number of building permits issued and t is the interest rate at the time the building permit is issued. Use this output when answering the following questions. SUMMARY OUTPUT Regression Statistics Multiple R R Square A Adjusted R Square 0.917 Standard Error 63.385 Observations 12 ANOVA af 5S MS F Significance F Regression 1 492710.6 492710.6 122.635 0.000 Residual 10 40177.09 4017.709 Total 11 532887.7 Coefficientsandord Erre t Stat P-value Lower 95% Upper 95% Lower 99.0% Upper 99.0% Intercept 2084.028 118.707 17.556 0.000 1819.531 2348.524 1707.813 2460.242 Int B 7.821 -11.074 0.000 104.036 -69.184 -111.397 i) Unfortunately, they are two values missing from the table (they are the letters A and B in bold). Calculate the missing values A and B. ii) State the equation showing that building permits are a function of the interest rate. Give a brief interpretation of the equation. Is this result as you expected

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