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 European GDP growth 2012, part 2. From the linear model fit to the data on GDP growth of Exercise 46:
(a) Write the equation of the regression line.
(b) What is the meaning of the intercept? Does it make sense in this context?
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Order Paper Now(c) Interpret the meaning of the slope.
(d) In a year in which the United States grows at 0%, what do you predict for European growth?
(e) In 2010, the United States experienced a 3.00% growth, while Europe grew at a rate of 1.78%. Is this more or less than you would have predicted?
(f) What is the residual for this year?
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