# Analysis and Interpretation of Simple Linear Regression Model

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Question NO: 1 A.Australia: Direction of exportsTop 8 export markets for goods and servicesA\$ bnCountry123456782004-052014-15Subtotal103.3223.5source: DFAT and AustradeservicesAustralia: Direction of exportsTop 8 export markets for goods andChina15.990.3Japan28.246.6United States13.920.5Republic of Korea1120.5India7.112.7New Zealand12.212.3Singapore5.812United Kingdom9.28.6
B.Top 8 export markets for goods and servicesA\$ bnCountry2004-052014-15China15.990.3Japan28.246.6United States13.920.5Republic of Korea1120.5India7.112.7New Zealand12.212.3Singapore5.812United Kingdom9.28.6Subtotal103.3223.5source: DFAT and AustradeChanging into Percentage tableTop 8 export markets for goods and servicesA\$ bnCountry2004-052014-15China15.39%40.40%Japan27.30%20.85%United States13.46%9.17%Republic of Korea10.65%9.17%India6.87%5.68%New Zealand11.81%5.50%
2004-05ChinaJapanUnited StatesRepublicofKoreaIndia NewZealandSingaporeUnited KingdomC. Observation from Question (A) and (B)In the diagram A, it is clearly seen that the export market for the goods and services in 2014-15 hasincreased as compared to that of the 2004-05 excluding UK which has fallen by 0.6 billion. Among the 8 countries, China has the highest number of exports comparing to that of other countries.Likewise, the next figure shows the percentage change in the exports of goods and services. This figure shows that the exports during the 2004-05 was high as compared to the year2014-15. It means that the exports market of these 8 top countries has fallen down than in the year 2004-05.Analyzing both the figure, although in the first figure it shows that the export market for theyear 2014-15 was higher in comparison to that of previous year but in actual the percentagechange in the export market was fallen down certain percentage excluding China market whoseexports market remains higher throughout the two given years.

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