Compare these two groups of data and guess the relationship between unemployment

Question

Compare these two groups of data and guess the relationship between unemployment rate and inflation rate. According to the quantitative research, you can regress these two groups of data and analyze the relationship between unemployment rate and the inflation rate (hint: use unemployment rate as dependent variable and the reciprocal of inflation rate as independent variable, and then figure out coefficient in regression model) (10 marks)

Explanation / Answer

We can only guess it on the basis of information provided by you since we can't measure scales on this graph physically. To measure coefficient etc we need measurement of variable variables which is not possible.

The data shows that there is inverse relationship between inflation and unemployment. When inflation is low unemployment is high.

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