Select a country of your choice to run a regression analysis to estimate the relationship between the exchange rate for the period from 2010 - 2021 (use annual data) based on the following variables. 

i) Canada (CAD/USD)

or

ii) Malaysia (MYR/USD)

or

iii) Japan (JPY/USD)

 

The independent variables to be analysed are as follows;

• Constant Gross Domestic Product per capita
• Inflation Rate using CPI
• Central Government Debt

The above database can be found at https://fred.stlouisfed.org/.

 

Explain in a short paragraph the results you have obtained from the regression analysis