1 STATISTICS Table of Contents Answer to the question 1............................................................................................................2 Answer to the question 2............................................................................................................2 Bibliography...............................................................................................................................4
2 STATISTICS Regression Output Answer to the question 1 Null hypothesis (H0): There is no association among rate of inflation and ordinates index. Alternative hypothesis (H1): There is an association among rate of inflation and ordinates index. Test statistic = 0.028 P- Value = 0.867 Alpha = 0.05
3 STATISTICS It is clear that P- Value of this test is larger than the alpha. Thus the null hypothesis is accepted and at the same time the alternative hypothesis is rejected. Therefore it may be summarised that there is no association among rate of inflation and ordinates index. Answer to the question 2 The standard error of the estimate = 1268.430 Regression model is as below Ordinates index = 3874.29 + 40.31* rate of inflation It is a good fitted simple linear regression model.
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4 STATISTICS Bibliography Cameron, A.C. and Trivedi, P.K., 2013.Regression analysis of count data(Vol. 53). Cambridge university press. Chatterjee, S. and Hadi, A.S., 2015.Regression analysis by example. John Wiley & Sons.