Unemployed
the Data Below Are for the Number of Unemployed

question 141

Short Answer

Unemployed
The data below are for the number of unemployed persons (in millions)and the federal unemployment insurance payments (in billions of dollars)for the years 1978 - 1985.Some economists state that these two variables are positively related.
$\begin{array}{|l|l|l|l|l|l|l|l|l}\hline \text { Year } & \mathbf{1 9 7 8} & \mathbf{1 9 7 9} & \mathbf{1 9 8 0} & \mathbf{1 9 8 1} & \mathbf{1 9 8 2} & \mathbf{1 9 8 3} & \mathbf{1 9 8 4} & \mathbf{1 9 8 5} \\\hline \text { Federal Unemployment Insurance Payments } & 11.8 & 10.7 & 18.0 & 19.7 & 23.7 & 31.5 & 18.4 & 16.8 \\\hline \text { Number of Unemployed Persons } & 6.2 & 6.1 & 7.6 & 8.3 & 10.7 & 10.7 & 8.5 & 8.3\end{array}$

-Use these data to develop an estimated regression equation. $\hat{ Y }$ = ____________________

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Definitions:

Cultural Assimilation

The process by which individuals or groups from different cultures are absorbed and integrated into the predominant culture.

Cultural Integration

The process of blending and aligning the values, norms, and practices of individuals from different cultural backgrounds within an organization.

Conglomerate

A large corporation comprised of diverse and often unrelated businesses or industries, operated under one corporate group.

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.