excel question file attached

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8.11 Using the data in the Excel file Demographics [attached], apply the Excel Regression tool using unemployment rate as the dependent variable and cost of living index as the independent variable.

  • Interpret all key regression results, hypothesis tests, and confidence intervals in the output.
  • Analyze the residuals to determine if the assumptions underlying the regression analysis are valid.
  • Use the standard residuals to determine if any possible outliers exist.
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