Question: Consider the follons table containing unemployment rates for s IO-year period. Unemployment Rates Year Unemployment Rate (%) 7.9 112 9.3 11.6 102 Step I

Consider the follo"ns table containing unemployment rates for s IO-year period. Unemployment Rates Year Unemployment Rate (%) 7.9 112 9.3 11.6 102 Step I

of 2: Given the model Estimated Rate = -f- (Year + ei,

write the estimated regression equation using the least squares estimates for end

Consider the follo"ns table containing unemployment rates for s IO-year period. Unemployment Rates Year Unemployment Rate (%) 7.9 112 9.3 11.6 102 Step I of 2: Given the model Estimated Rate = -f- (Year + ei, write the estimated regression equation using the least squares estimates for end . Roundyour answers to two decimal places.

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