Analyze the Regression Below (N = 50 U

question 19

Essay

Analyze the regression below (n = 50 U.S.states)using the concepts you have learned about multiple regression.Circle things of interest and write comments in the margin.Make a prediction for Poverty for a state with Dropout = 15,TeenMom = 12,Unem = 4,and Age65% = 12 (show your work).The variables are Poverty = percentage below the poverty level;Dropout = percentage of adult population that did not finish high school;TeenMom = percentage of total births by teenage mothers;Unem = unemployment rate,civilian labor force;and Age65% = percentage of population aged 65 and over.

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Definitions:

North American Free Trade Agreement

A trilateral trade block agreement signed by Canada, Mexico, and the United States, aimed at reducing trading costs, increasing business investment, and helping North America be more competitive in the global marketplace.

Global Trade

International commerce that allows for the exchange of goods and services between countries, influenced by agreements, tariffs, and global economic conditions.

Canada and Mexico

Two countries in North America, each having distinct cultures, economies, and political systems, but are partners with the United States in trade agreements such as the USMCA.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.