1. Using the data available in the file Macro data in the folder , and a statistical software,
- Create two scatter plots, one for Imports vs. GDP, and another for Imports vs. Exchange Rate.
- Estimate a simple regression that explains whether and how Imports is affected by the GDP.
- Estimate another regression that explains whether and how Imports is affected by Exchange Rate.
- Estimate a model where imports is a function of both GDP and the Exchange Rate.
- Report your final estimation results for parts b, c and d and comment on them.
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