Question

Consider the data in the table below, which shows, by year, the percent of unemployed college...

Consider the data in the table below, which shows, by year, the percent of unemployed college graduates in a particular city who are 25 years or older.

Year 2000 2002 2005 2007 2010
Percent Unemployed 6.5 7.0 7.4 8.2 9.0

Determine whether the trend appears to be linear. If so, and assuming the trend continues, find the linear regression model to predict the percent of unemployed college graduates in a given year to three decimal places. (Let t = 0 correspond to the year 2000. If an answer does not exist, enter DNE.)

y=

Math   Statistics-And-Probability   
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Homework Answers

Answer #1

The statistical software output for this problem is

Hence,

Regression equation will be:

y = 6.434 + 0.247 t

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