The following data represent Aggregate Consumption (Y) and Disposable Income (X) for one country. Year Y...

The following data represent Aggregate Consumption (Y) and Disposable Income (X) for one country.

Year Y X

1993 102 114

1994 105 118

1995 109 126

1996 110 130

1997 121 134

1998 125 140

a. Develop the least squares estimated regression equation.

b. Find coefficient of correlation and coefficient of covariance

Expert Solution

orchestra answered 1 year ago

State the general relationship between consumption Y and disposable income X in ( a ) exact...

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