Using the data from Exercise 49 develop and compare the following models: In exercise a) Fit a
Question:
Using the data from Exercise 49 develop and compare the following models:
In exercise
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a) Fit a regression model with just Year as the predictor.
b) Add a lag1 component to the model of (a). How does it change the coefficient of Year?
c) Add lag2 and lag3 components to the model. How do the coefficients change?
d) Can you account for these changes?
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a The regression equation is b The regression equation is Unemp 43 000217 Year1 ...View the full answer
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Related Book For 
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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