Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Interpret the following results with (UR) uemployment rate as dependent variable and (INF) inflation as the independent variable.
![Dependent Variable: UR
Method: Least Squares
Date: 10/30/22 Time: 11:50
Sample: 1991 2021
Included observations: 31
Variable
INF
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
Durbin-Watson stat
Coefficient
2.749079
Std. Error
0.488019
t-Statistic
5.633137
0.251048 Mean dependent var
0.251048 S.D. dependent var
36.76557
Akaike info criterion
40551.21 Schwarz criterion
-155.2203 Hannan-Quinn criter.
0.537950
Prob.
0.0000
30.74345
42.48292
10.07873
10.12498
10.09381](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F654f8619-272a-4e64-aa8e-547dc16f5f4d%2Fb0011bfc-5cb9-4c30-88f4-b9079ce648a1%2Fih4nvzv_processed.png&w=3840&q=75)
Transcribed Image Text:Dependent Variable: UR
Method: Least Squares
Date: 10/30/22 Time: 11:50
Sample: 1991 2021
Included observations: 31
Variable
INF
R-squared
Adjusted R-squared
S.E. of regression
Sum squared resid
Log likelihood
Durbin-Watson stat
Coefficient
2.749079
Std. Error
0.488019
t-Statistic
5.633137
0.251048 Mean dependent var
0.251048 S.D. dependent var
36.76557
Akaike info criterion
40551.21 Schwarz criterion
-155.2203 Hannan-Quinn criter.
0.537950
Prob.
0.0000
30.74345
42.48292
10.07873
10.12498
10.09381
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