Question

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=

Answer 1

The statistical software output for this problem is

Hence,

Regression equation will be:

y = 6.434 + 0.247 t