Consider the Following Data and Its Associated Excel Output for a Simple

question 18

Multiple Choice

Consider the following data and its associated Excel output for a simple linear regression model.How would you describe the linear relationship between Y and X?
$$\begin{array} { | c | c | c | } \hline \text { Period } & \text { Y } & \text { X } \\\hline \text { Period 1 } & 10 & 1 \\\hline \text { Period 2 } & 11 & 2 \\\hline \text { Period 3 } & 9 & 3 \\\hline \text { Period 4 } & 12 & 4 \\\hline \text { Period 5 } & 13 & 5 \\\hline \text { Period 6 } & 12 & 6 \\\hline \text { Period 7 } & 15 & 7 \\\hline\end{array}$$
$$\begin{array} { | l | l | } \hline \text { Intercept } & 2.267 \\\hline \text { Slope } & 0.843 \\\hline \text { SE } & 1.810 \\\hline \text { Correlation } & 0.890 \\\hline \text { r-squared } & 0.791 \\\hline\end{array}$$

• A)no relationship
• B)positive relationship
• C)negative relationship
• D)inverse relationship
• E)not enough information is provided

Comprehend the differences between recessions and depressions in terms of severity, duration, and economic indicators.

Recognize the phases and characteristics of economic expansions and contractions.

Identify the concepts and implications of mercantilism in historical and modern contexts.

Understand the role of economic indicators, including leading, coincident, and lagging indicators, in forecasting economic activities.

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A unit of digital information that typically consists of eight bits, commonly used to encode a single character of text in a computer.

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The unit of digital information in computing and telecommunications that most often consists of eight bits.

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A unit of memory or data equal to 1,024 bytes, used to quantify digital information.

Bytes

Fundamental units of digital information in computing and telecommunications, typically consisting of 8 bits.