Intro Stats, Books a la Carte Edition (5th Edition)
5th Edition
ISBN: 9780134210285
Author: Richard D. De Veaux, Paul Velleman, David E. Bock
Publisher: PEARSON
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Textbook Question
Chapter 8, Problem 43E
TBill rates 2016 revisited In Exercise 41, you investigated the federal rate on 3-month Treasury bills between 1950 and 1980. The
Here’s the model for the data from 1981 to 2015 (in years since 1950):
Dependent variable is Rate
R-squared = 79.1% s = 1.584
Variable | Coefficient |
Intercept | 8.5922 |
Year – 1950 | –0.29646 |
- a) How does this model compare to the one in Exercise 41?
- b) What does this model estimate the interest rate will be in 2020? How does this compare to the rate you predicted in Exercise 41?
- c) Do you trust this newer predicted value? Explain.
- d) Would you use either of these models to predict the TBill rate in the future? Explain.
Expert Solution & Answer
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Check out a sample textbook solutionChapter 8 Solutions
Intro Stats, Books a la Carte Edition (5th Edition)
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