Question

3. Consider the following model that relates labor force participation (LFP) to unemployment rate UNR) and average hourly earnings (AHE), measured in 1982 dollars, in the US over a period of 28 years: The OLS regression output is as follows: Model 1: OLS, using observations 1-28 Dependent variable: lfp coefficient std. error t-ratio 81.2267 0.6384 1.4449 3.4040 const unr ahe 8.929 3.493 О. 4148 R-squared 0.767adj. R-squared 0.748 (a) Fill in the blank spaces that appear in the output table

PLEASE ANSWER ALL THE POINTS CLEARLY AND EXPLAIN writing also the formulas and everything  THANKS

Answer 1

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similar, n absena け (on bt orsvv ere--.th odj R-zquare4

stdervor fer un -valua 一 -0.6384 24 91.226 0 unemptayenment re increases caereo) by unit I a keepins he things constonf For e participa+-r decrease) b7o.cs8.1 しaber statist, cally s:an,R(Anf VoriaWu is nifcent.

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