Question: The monthly averages of the federal funds rate and the

The monthly averages of the federal funds rate and the bank prime loan rate are listed in the file S02_25.xlsx.
a. Describe the time series behavior of these two variables. Can you discern any cyclical or other patterns in the times series graphs of these key interest rates?
b. Discuss whether it would make much sense, especially to a person at the present time, to quote traditional summary measures such as means or percentiles of these series.


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  • CreatedApril 01, 2015
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