Consider the following table containing unemployment rates for a 10-year period.

Unemployment Rates Year Unemployment Rate (%) 1 5.8 2 3.2 3 5.5 4 8.6 5 6.1 6 6.8 7 7.5 8 5.2 9 11.1 10 7.4

Step 1 of 2 : Given the model Estimated Unemployment Rate=? 0 +? 1 (Year)+? i , write the estimated regression equation using the least squares estimates for ? 0 and ? 1

Round your answers to two decimal places.

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