Relationship between mortgage rates and housing starts

Assignment Help Basic Statistics

Reference no: EM1398892

To determine how the number of housing starts is affected by mortgage rates, an economist recorded the average mortgage rate and the number of housing starts in a large country for the past 10 years. These data are listed here. Data file Xr16-03.

Rate 8.5 7.8 7.6 7.5 8.0 8.4 8.8 8.9 8.5 9.0

Starts 115 111 185 201 206 167 155 117 133 150

(a) Determine the regression line.

(b) What do the coefficients of the regression line tell you about the relationship between mortgage rates and housing starts?

Reference no: EM1398892

Questions Cloud

Which one is the most likely outcome of this situation : Which one is the most likely outcome of this situation given that some shareholders are happy with the existing management?

Discuss industry concentration-demand and market conditions : Discuss industry concentration, demand and market conditions, and the pricing behavior of Kodak in the 1990s. Do you think the industry environment is significantly different today? Explain.

How to easily escalate to groupthink : What would you do? How could this example easily escalate to groupthink? How prevalent do you believe this is in most teams?

Explain why the next step in learning of an inversion : Do you think that a prenatal test is worthwhile if it detects a genotype, but cannot predict the phenotype? Discuss the risk/benefit issues of this situation.

Relationship between mortgage rates and housing starts : What do the coefficients of the regression line tell you about the relationship between mortgage rates and housing starts?

Define pros and cons of using genetically engineered : in your own words, summarize the pros and cons of using genetically engineered insects to control pests. Determine if you would be for or against the use of genetically engineered insects in your neighborhood, and explain why.

Explain positive and negative symptoms of schizophrenia : Describe the different theories that are thought to explain the biological basis of both the positive and negative symptoms of schizophrenia.

Illustrate what are your thoughts about these two methods : He wants to tax all earned income at a mere 20% rate and not tax capital gains, dividends or estates. Illustrate what are your thoughts about these two methods?

Confidence the test score at a school : Predict with 95% confidence the test score at a school where 50% of the mathematics teachers have mathematics degrees, the mean age is 43, and the mean annual income is $48,30.

User Account

All Pages