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Please Estimate the regression line for the model. The two data sets are below. Thanks. Unemployment...

Please Estimate the regression line for the model. The two data sets are below. Thanks.

Unemployment Inflation
4.0 3.0
4.1 4.1
4.0 5.9
3.8 -0.6
4.0 1.8
4.0 5.8
4.0 2.9
4.1 0.0
3.9 5.2
3.9 1.7
3.9 1.7
3.9 2.3
4.2 5.7
4.2 2.3
4.3 0.6
4.4 1.7
4.3 5.1
4.5 2.3
4.6 -1.7
4.9 0.0
5.0 4.0
5.3 -2.8
5.5 -0.6
5.7 -0.6
5.7 1.7
5.7 1.7
5.7 3.4
5.9 3.9
5.8 0.6
5.8 1.1
5.8 2.2
5.7 2.8
5.7 1.7
5.7 2.2
5.9 1.7
6.0 1.1
5.8 3.3
5.9 5.5
5.9 4.4
6.0 -4.4
6.1 -0.6
6.3 1.1
6.2 2.2
6.1 3.8
6.1 2.7
6.0 -0.5
5.9 -1.1
5.7 2.2
5.7 4.3
5.6 3.2
5.7 4.3
5.5 1.1
5.6 5.9
5.6 3.2
5.5 0.0
5.4 1.1
5.4 1.6
5.4 5.8
5.4 2.1
5.4 0.0
5.2 1.1
5.4 3.7
5.1 5.7
5.1 4.7
5.1 -0.5
5.0 -0.5
5.0 6.2
4.9 5.6
5.1 12.2
4.9 2.5
5.0 -6.5
4.9 -0.5

Solutions

Expert Solution

Unemployment ( X )

Inflation ( Y ) X * Y X^2
4 3 12 16
4.1 4.1 16.81 16.81
4 5.9 23.6 16
3.8 -0.6 -2.28 14.44
4 1.8 7.2 16
4 5.8 23.2 16
4 2.9 11.6 16
4.1 0 0 16.81
3.9 5.2 20.28 15.21
3.9 1.7 6.63 15.21
3.9 1.7 6.63 15.21
3.9 2.3 8.97 15.21
4.2 5.7 23.94 17.64
4.2 2.3 9.66 17.64
4.3 0.6 2.58 18.49
4.4 1.7 7.48 19.36
4.3 5.1 21.93 18.49
4.5 2.3 10.35 20.25
4.6 -1.7 -7.82 21.16
4.9 0 0 24.01
5 4 20 25
5.3 -2.8 -14.84 28.09
5.5 -0.6 -3.3 30.25
5.7 -0.6 -3.42 32.49
5.7 1.7 9.69 32.49
5.7 1.7 9.69 32.49
5.7 3.4 19.38 32.49
5.9 3.9 23.01 34.81
5.8 0.6 3.48 33.64
5.8 1.1 6.38 33.64
5.8 2.2 12.76 33.64
5.7 2.8 15.96 32.49
5.7 1.7 9.69 32.49
5.7 2.2 12.54 32.49
5.9 1.7 10.03 34.81
6 1.1 6.6 36
5.8 3.3 19.14 33.64
5.9 5.5 32.45 34.81
5.9 4.4 25.96 34.81
6 -4.4 -26.4 36
6.1 -0.6 -3.66 37.21
6.3 1.1 6.93 39.69
6.2 2.2 13.64 38.44
6.1 3.8 23.18 37.21
6.1 2.7 16.47 37.21
6 -0.5 -3 36
5.9 -1.1 -6.49 34.81
5.7 2.2 12.54 32.49
5.7 4.3 24.51 32.49
5.6 3.2 17.92 31.36
5.7 4.3 24.51 32.49
5.5 1.1 6.05 30.25
5.6 5.9 33.04 31.36
5.6 3.2 17.92 31.36
5.5 0 0 30.25
5.4 1.1 5.94 29.16
5.4 1.6 8.64 29.16
5.4 5.8 31.32 29.16
5.4 2.1 11.34 29.16
5.4 0 0 29.16
5.2 1.1 5.72 27.04
5.4 3.7 19.98 29.16
5.1 5.7 29.07 26.01
5.1 4.7 23.97 26.01
5.1 -0.5 -2.55 26.01
5 -0.5 -2.5 25
5 6.2 31 25
4.9 5.6 27.44 24.01
5.1 12.2 62.22 26.01
4.9 2.5 12.25 24.01
5 -6.5 -32.5 25
4.9 -0.5 -2.45 24.01
Total 372.8 158.8 804.01 1968.2

The equation of regression line is

The equation of regression line becomes


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