2. The following data refers to the demand for money (M) and the rate of interest (R) in for eight different economics: M (In billions) R% 56 6.3 50 4.6 46 5.1 30 7.3 20 8.9 35 5.3 37 6.7 61 3.7 a. Assuming a relationship , obtain the OLS estimators of b. Calculate the coefficient of determination for the data and interpret its value c. If in a 9th economy the rate of interest is R=8.1, predict the demand for money(M) in this economy.

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1. 2. The following data refers to the demand for money (M) and the rate of interest (R) in for eight different economics:
   M (In billions)   R%
   56                      6.3
   50                      4.6
   46                       5.1
   30                       7.3
   20                       8.9
   35                       5.3
   37                       6.7
   61                        3.7

   a. Assuming a relationship , obtain the OLS estimators of
   b. Calculate the coefficient of determination for the data and interpret its value
   c. If in a 9th economy the rate of interest is R=8.1, predict the demand for money(M) in this economy.

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Business Yugiske 6 months 2025-02-28T23:17:18+05:00 2025-02-28T23:17:18+05:00 0 Answers 12 views Beginner

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