Please make it question by question

EDV 5991: Assessment 1: Given on the 14th May 2020 Submission date: 23 May 2020 Total: 35 Marks 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 6849 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) EDV 5991: Assessment 1: Given on the 14th May 2020 Submission date: 23 May 2020 Total: 35 Marks 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 6849 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)