Question 2.47

2.47 Predicted values for GDP and assets

Refer to the world financial markets data in Example 2.9.

  1. Use software to compute the coefficients of the regression equation. Indicate where to find the slope and the intercept on the output, and report these values.
  2. Make a scatterplot of the data with the least-squares line.
  3. Find the predicted value of assets for each country.
  4. Find the difference between the actual value and the predicted value for each country.