Question

Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate...

Consider the following table containing unemployment rates for a 10-year period.

Unemployment Rates
Year Unemployment Rate (%)
1 9.2
2 5.1
3 4.1
4 6.4
5 7.4
6 9.3
7 8.2
8 7.9
9 11.3
10 10.6

Step 1 of 2 :  

Given the model

Estimated Unemployment Rate=β0+β1(Year)+εi, write the estimated regression equation using the least squares estimates for β0 and β1. Round your answers to two decimal places.

Math   Statistics-And-Probability   
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