The file P02_19.xlsx lists annual percentage changes in the Consumer Price Index (CPI) from 1914 through 2017.

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The file P02_19.xlsx lists annual percentage changes in the Consumer Price Index (CPI) from 1914 through 2017. Find and interpret the first and third quartiles and the interquartile range for these annual percentage changes. Discuss whether these are meaningful summary measures for this time series data set. Suppose that the data set listed the actual CPI values, not percentage changes, for each year. Would the quartiles and interquartile range be meaningful in this case? Why or why not?

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Business Analytics Data Analysis And Decision Making

ISBN: 9780357109953

7th Edition

Authors: S. Christian Albright, Wayne L. Winston

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