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 5.9
2 4.5
3 4.7
4 5.5
5 11.1
6 5.3
7 9.3
8 8.7
9 7.8
10 10.2

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 β0β0 and β1β1. Round your answers to two decimal places.

Step 2 of 2 : What is the coefficient of determination for the regression model? Round your answers to two decimal places.

Math   Statistics-And-Probability   
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