ECO 342 WEEK 4 ECONOMETRICS

Assignment Problems - Hourly Earnings and Unemployment Rate Complete Problem 5.29 of Chapter 5. 5.29. Refer to Example 5.6 in the chapter. It was shown that the percentage change in the index of hourly earnings and the unemployment rate from 1958-1969 followed the traditional Phillips curve model. An updated version of the data, from 1965-2007, can be found in Table 5-19 on the textbook’s Web site. a. Create a scattergram using the

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