Question: How do I change this R code to Python? import numpy as np import pandas as pd import matplotlib.pyplot as plt import seaborn as sns
How do I change this R code to Python?
import numpy as np
import pandas as pd
import matplotlib.pyplot as plt
import seaborn as sns
from scipy import stats
from statsmodels.api import OLS
# Assuming data loading and creation is done similarly
# Example: Importing data using pandas
# Replace C:UsersslaugDownloadsMISGDPxls with the actual path to your Excel file
MISGDP pdreadexcelC:UsersslaugDownloadsMISGDPxls
# Generate random data for the example as in original R code
nprandom.seed
n
GDP nprandom.uniform n
trueintercept
trueslope
noise nprandom.normal n
USEUR trueintercept trueslope GDP noise
# Create a DataFrame
data pdDataFrameGDP: GDP 'USEUR': USEUR
# View the first few rows of the data
printdatahead
# Scatter plot of GDP vs USEUR
pltfigurefigsize
snsscatterplotdatadata, xGDP y'USEUR'
plttitleScatter Plot of GDP vs USEUR"
pltxlabelGDP
pltylabelUSEUR
pltshow
# Fit the linear regression model
X dataGDP
y dataUSEUR
X npaddconstantX # adding a constant for intercept
model OLSy Xfit
# Summary of the model
printmodelsummary
# Predict USEUR for a new GDP value
newdata pdDataFrameGDP:
newdata npaddconstantnewdata # adding a constant for intercept
predictedUSEUR model.predictnewdata
printfPredicted USEUR for GDP is predictedUSEUR
# Create the scatter plot with regression line
pltfigurefigsize
snsscatterplotdatadata, xGDP y'USEUR'
snslineplotxGDP ymodel.fittedvalues, datadata, color'blue', label'Fitted line'
plttitleScatter Plot with Linear Regression Line"
pltxlabelGDP
pltylabelUSEUR
pltshow
# Confidence Interval
confidencelevel
degreesfreedom lendata
confidenceinterval stats.tintervalconfidencelevel, degreesfreedom, locmodel.params scalemodel.bse
printf Confidence Interval: roundconfidenceintervalroundconfidenceinterval
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