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The following table contains the indicators: GDP per inhabitant and the volume o...

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The following table contains the indicators: GDP per inhabitant and the volume of greenhouse gas emissions in transport activity in Romania during the period 1995-2014.

Using the function =CORREL(array_1,array_2) of Excel, calculate the correlation coefficient and appreciate the intensity and the link nature, for the required period (write with 3 decimals).

The simple correlation coefficient between the two indicators for the period 2000-2014 is (with 3 decimals): .

The nature of correlation between the two indicators is 

.

The intensity of the correlation is

.

The simple correlation coefficient between the two indicators for the period 1995-2014 is (with 3 decimals) .

The intensity of the correlation is 

.

For the period 2000-2014 the correlation is

than that for the period 1995-2014.

Use the functions intercept and slope to identify the estimators of the simple regression model for the greenhouse gas emissions depending on the real GDP per capita for the entire period 1995-2014.

 Greenhouse gas emissions from transportReal GDP per capita
ROmillion tonnes of CO2 equivalent(2010), euro per capita
19958.5533700
199611.9723900
199712.2433700
199811.5473600
19999.5723600
20009.9133700
200111.9403900
200212.2984300
200312.9524500
200413.5854900
200512.5795100
200613.0585600
200713.7206100
200815.3976700
200915.1776300
201014.2306300
201114.3706400
201215.2496400
201315.0886700
201415.6196900

 

The free term (with 3 decimals) is estimated a0= and the regression coefficient (with 6 decimals) is estimated a1=.

Without considering the GDP per capita, the greenhouse gas emissions from transports activity, yearly recorded an average quantity of (3 decimals) millions tonnes COequivalent.

For each euro added to the GDP per capita, the greenhouse gas emissions increased yearly in average with (round at integer; attention to the unit measure) tonnes COequivalent.

Calculate the theoretical values using the identified linear model and then the residuals.

The maximum positive deviation of the empirical values of greenhouse gas emissions from to the model was the residual value of (3 decimals) millions tonnes COequivalent, recorded in the year .

The maximum negative deviation of the empirical values of greenhouse gas emissions from to the model was the residual value of (3 decimals) millions tonnes COequivalent, recorded in the year .

Make the chart of correlation between y and x.

Make the chart of evolution for y variable. On both charts add the theoretical y values.

Specify the number of y values lower and equal than the theoretical coresponding values: .

Specify the number of y values higher than the theoretical coresponding values: .

Make also the chart of x variable evolution.

Looking at the chart of the theoretical y variable evolution (on the same chart with y variable evolution) you may conclude that it looks

.

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