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1
a. I would not conclude that the residuals are independent of the values of the ind
I would conclude that the residuals are approximately normally distributed
b. Yes, past quarter's defense spending is a driver of GDP
c. 12% of variation in GDP can be explained by variation in past quarter defense s
d. The exact margin of error is 6684
e. The range is 4396.04997-5455.381661
the values of the independent variable
mally distributed
Regression Statistics
Multiple R 0.9806663321
R Square 0.9617064548
Adjusted R S 0.9602336262
Standard Err 247.562844497 6684.1968
Observations 28
ANOVA
df SS MS F
Regression 1 40018539.3 40018539.3 652.965604
Residual 26 1593471.41 61287.362
Total 27 41612010.7
RESIDUAL OUTPUT
Defense
Observation Predicted GDP (B$) Residuals spending ($B)
1 9655.468841749 167.531158 360.9
2 9842.8766230689 19.1233769 375.2
3 9791.7654099817 162.23459 371.3
4 9824.5290081145 197.470992 373.8
5 9951.6517688699 177.348231 383.5
6 10014.557877285 120.442123 388.3
7 10076.1534417747 149.846558 393
8 10241.2819763643 96.7180236 405.6
9 10410.3421427298 35.6578573 418.5
10 10583.3339408712 -36.3339409 431.7
11 10646.2400492863 -28.2400493 436.5
12 10967.3233109882 -261.323311 461
13 11051.1981222082 -219.198122 467.4
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14 11568.8629727072 -482.862973 506.9
15 11498.0936007403 -278.093601 501.5 Editing this shape or saving th
16 11650.1166960767 -219.116696 513.1
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400
200
Significance F
Residuals
6.00861E-20 0
300 350 400 4
-200
Lower 95% Upper 95%
4396.04997 5455.38166
12.051222 14.1596565 -400
-600
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Defense spending ($B) Residual Plot
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