Elucidate what is the expected sign of x

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Reference no: EM1353349

Do economic events affect presidential elections? to test this so -called political business cycle theory, gary smith obtained the following regression results based on the U.S presidential elections for the four yearly periods from 1928 to 1980 Y'=53.10 -1.70 X
t=(34.10)(-2.67)
r2=0.37

a) what is the expected sign of X?

Reference no: EM1353349

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