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Interpret the following regression explaining the Fed rate:
Answer the following:
i. What is the interpretation of ?? Does this make any economic sense?
ii. How well do past rates explain present rates?
iii. How well does Payroll growth explain Fed fund rates?
iv. How well does in?ation explain Fed fund rates?
v. Is this model better than the one presented previously?
1970s
The decade spanning from 1970 to 1979, characterized by significant political, cultural, and technological changes worldwide.
Nixon Administration
The Nixon Administration denotes the executive branch of the U.S. government led by President Richard Nixon from 1969 to 1974, noted for significant events such as the Vietnam War's end, the Watergate scandal, and diplomatic relations with China.
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A country located along the southwestern coast of South America, known for its long, narrow strip of land that stretches between the Andes mountains and the Pacific Ocean.
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The world's second-largest and second-most populous continent, known for its diverse cultures, languages, and natural resources.
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