X Y 1 3 2 7 3 5 4 11     The above table gives…

X Y 1 3 2 7 3 5 4 11     The above table gives you information regarding Y (dependent variable) and X (independent variable). The least squares estimate of b1 equals ______ and the value of residual when Xi = 3 is _______.

You have collected data for the 52 countries and estimated t…

You have collected data for the 52 countries and estimated the following relationship between the change in the unemployment rate from the previous year ( ∆ u r ^ ) and the growth rate of the respective country real GDP (gy). The results are as follows: unemployment reg.png Assuming that the estimator has a normal distribution, the 95% confidence interval for the slope is approximately the interval: