F5 FG Assignment 6 [14] The Spreadsheet A6 contains information about the unemployment level in selected European countries in 2008 (X) and recently in 2019 (variable )). Economic theory suggests that the past level of unemployment is a powerful determinant of the recent unemployment. Do these data confirm economic intuition? Use the data from European countries to verify this hypothesis by answering the following points: Ct a. What is the Pearson correlation coefficient between variables X and Y? What direction and strength of relationship this measure suggests [2] [2] b. Please estimate a linear regression model and write down the regression equation. c. Write the interpretation of the regression parameter ( B1)? [2] determination. [2] d. What is the coefficient of determination (R2)? Please interpret the coefficient of 8