Solution-Make sure to talk about sign and size

Make sure to talk about sign and size

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Reference no: EM131927928

You are interested in understanding the relationship between the amount of money spent per capita (GDP), where GDP is measured in dollars, and the death rate (per 1,000) due to chronic diseases (NCD). Using a simple linear regression you estimate the following relationship between NCD and GDP:

NCD= 70.8 - 0.0117GDP

(i) Interpret the parameter on GDP. Make sure to talk about Sign and Size.

(ii) Interpret the constant. Is it meaningful?

Reference no: EM131927928

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Make sure to talk about sign and size

Reference no: EM131927928

Reference no: EM131927928

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