Consider the Consumer Price Index, which provides the annual percentage change in consumer prices, for the period
Question:
Consider the Consumer Price Index, which provides the annual percentage change in consumer prices, for the period from 1914 through 1996. The data are in the file P2_26.XLS.
a. Construct a time series plot for these data.
b. What, if any, trend do you see in the CPI for the given time period?
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Related Book For
Managerial Statistics
ISBN: 9780534389314
1st Edition
Authors: S. Christian Albright, Wayne L. Winston, Christopher Zappe
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