Use the information and MINITAB results from question 70 to compute the standard error of the estimate
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Use the information and MINITAB results from question 70 to compute the standard error of the estimate and the coefficient of determination.
Question 70
You are given the following information on unemployment in the United States and in New Jersey (data from New Jersey Economic Indicators, March 1990):
Number unemployed (in thousands)
If you are interested in the relationship between unemployment in the United States and in New Jersey, which unemployment figure should be your independent variable? Use the MINITAB program to estimate a model showing the relationship between unemployment in the United States and in New Jersey.
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Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
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