The following table shows the value of imports (7) the level of GNP (X)) measured in Rs. in lakhs and the price index of imported goods (X₁) over the 12 years for a certain country. 2008 2009 2011 2012 2013 2014 2015 57 43 64 48 56 50 220 215 305 258 354 321 125 147 128 149 145 150 Y : X₁ x₂ = 2010 73 2017 43 375 250 118 37 241 100 2016 2018 2019 Y: 39 69 60 X₁: 370 385 385 X₂ : 140 115 155 152 (i) Estimate the regression equation and what are the economic meaning of your estimates? (ii) Compute R² and adjusted R2.
The following table shows the value of imports (7) the level of GNP (X)) measured in Rs. in lakhs and the price index of imported goods (X₁) over the 12 years for a certain country. 2008 2009 2011 2012 2013 2014 2015 57 43 64 48 56 50 220 215 305 258 354 321 125 147 128 149 145 150 Y : X₁ x₂ = 2010 73 2017 43 375 250 118 37 241 100 2016 2018 2019 Y: 39 69 60 X₁: 370 385 385 X₂ : 140 115 155 152 (i) Estimate the regression equation and what are the economic meaning of your estimates? (ii) Compute R² and adjusted R2.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:The following table shows the value of imports (7) the level of GNP (X;) measured in Rs. in lakhs
and the price index of imported goods (X₂) over the 12 years for a certain country.
2008
2009 2010
2011 2012
2013 2014
2015
43
73
37
64
48
50
215
250
241 305
258
321
147
118
100
128
149
150
Y
X₁
x₂
=
57
220
125
56
354
145
2016 2017
2018
2019
Y:
39
43
69
60
X₁:
370
375
385
385
X₂: 140 115
155
152
(1) Estimate the regression equation and what are the economic meaning of your estimates?
(1) Compute R² and adjusted R2.
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