Statistics and Probability Interpret the following regression explaining the Fed rate: rFFlt+1] = o + [32 x XPaylt] + [33 x Xlnf it} + alt + 1) where: rFFlti is the current Fed funds rate: XPaylt] is Payroll Growth; and Xlnflt} is Inflation. You are given the following table: Parameter Coefficient Std. Error o 1.5 om 2 0.5 0.25 3 ea 0.20 You are also given the value of R2 = 0.5500. .Answer the following: i. What is the interpretation of o? Does this make any economic sense? ii. How well does Payroll growth explain Fed fund rates? iii. How well does inflation explain Fed fund rates