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 3.33.3
2 4.84.8
3 11.211.2
4 6.56.5
5 7.87.8
6 6.76.7
7 7.47.4
8 8.38.3
9 8.98.9
10 7.67.6

Step 1 of 2 :  

Given the model

Estimated Unemployment Rate=β0+β1(Year)+εi,Estimated Unemployment Rate=β0+β1(Year)+εi,


write the estimated regression equation using the least squares estimates for β0β0 and β1β1. Round your answers to two decimal places.

Math   Statistics-And-Probability   
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