Question: Please clearly help me answer question by question. Thank you 1. Use the table below to answer the questions that follows below it. Year Defense

Please clearly help me answer question by

Please clearly help me answer question by question. Thank you

1. Use the table below to answer the questions that follows below it. Year Defense budget outlays Gross National Product 1962 51.1 560.3 1963 52.3 590.5 1964 53.6 632.4 1965 49.6 684.9 1966 56.8 749.9 Estimate the econometric regression model by calculating the following: a) a, b, and Y. [4, 3 and 2 marks respectively] b) Write the estimated regression model. [3 marks c) Interpret the regression model. [3 marks]

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