# Danish Economy (Math Problem Sample)

Work on the projections, using the linear regression model to predict the future values of the company. Interpret the graphical representations given in accordance to the projections given in the graphs.

WORK ON THE PROJECTIONS, USING THE LINEAR REGRESSION MODEL TO PREDICT THE FUTURE VALUES OF THE COMPANY. INTERPRET THE GRAPHICAL REPRESENTATIONS GIVEN IN ACCORDANCE TO THE PROJECTIONS GIVEN IN THE GRAPHS.

WORK ON THE PROJECTIONS, USING THE LINEAR REGRESSION MODEL TO PREDICT THE FUTURE VALUES OF THE COMPANY. INTERPRET THE GRAPHICAL REPRESENTATIONS GIVEN IN ACCORDANCE TO THE PROJECTIONS GIVEN IN THE GRAPHS.

WORK ON THE PROJECTIONS, USING THE LINEAR REGRESSION MODEL TO PREDICT THE FUTURE VALUES OF THE COMPANY. INTERPRET THE GRAPHICAL REPRESENTATIONS GIVEN IN ACCORDANCE TO THE PROJECTIONS GIVEN IN THE GRAPHS.

Danish Economy

Question 1

Fig 1 showed R2 is equal to 0.751. This means that there is a very strong relationship between the gross domestic product and the number of employed persons.

Fig 1

Question 2

About the development of the Danish economy from 2012-2022, from Fig 2 we predict imports. Fig 2 showed an equation as follows:-

y = 1.89 + 0.000989x.

Using the above equation, we can now predict the imports for the years 2022 and 2023 as follows:-

1. the Year 2022*

y = 1.89 + 0.000989x

3.153 = 1.89 + 0.000989x

0.000989x = 3.153 - 1.89

0.000989x = 1.263

x = 1.263/0.000989

x = 1277.0

≈1277,0

2. the Year 2023*

y = 1.89 + 0.000989x

3.146 = 1.89 + 0.000989x

0.000989x = 3.146 - 1.89

0.000989x = 1.256

x = 1.256/0.000989

x = 1269.9

≈1269,0

Fig 2

Fig 3 showed an equation as follows:-

y = 1.78 + 0.000975x.

Using the above equation, we can now predict the exports for the years 2022 and 2023 as follows:-

1. the Year 2022*

y = 1.78 + 0.000975x

3.153 = 1.78 + 0.000975x

0.000975x = 3.153 - 1.78

0.000975x = 1.373

x = 1.373 /0.000975

x = 1408.2

≈1408,2

2. the Year 2023*

y = 1.78 + 0.000975x

3.146 = 1.78 + 0.000975x

0.000975x = 3.146 - 1.78

0.000975x = 1.366

x = 1.366 /0.000975

x = 1401.0

≈1401,0

Fig 3

Introduction

A boom or a bust means an event that rapidly shifts from a time of high affluence or rapid economic growth to one of economic downfall. A period of heightened commercial activity within a company, market, industry, or economy as a whole is referred to as a boom. A bust is a period when economic growth abruptly slows down.

Conclusion

The Danish economy is at its boom since there is a very strong positive relationship between the person’s dependent and both imports and exports. This is because, from Fig 2 and Fig 3, R2 are 0.994 and 0.985 respectively. R2 close to 1 indicates a strong positive relationship between the variables given (Onyutha, 2022).

From the material in Annex A2, Figure 1 showed real earnings denoted (nominal) earnings adjusted for inf

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