The U.S. Bureau of Labor Statistics produces consumer price indexes for several different categories. Shown here are
Question:
Use these data and multiple regressions to develop a model that attempts to predict all commodities by the other four variables. Comment on the result of thisanalysis.
Transcribed Image Text:
All Fuel Commodities Food Shelter Apparel Oil 1.0 2.0 3.7 2.7 2.6 2.6 2.1 2.4 4.4 7.2 6.0 6.7 6.6 6.2 3.3 4.0 9.3 1.6 1.2 4 1.6 1.2 2.2 5.0 1.9 3,0 3.6 4.5 8.3 8.9 4.2 4.6 4.7 9.6 9.9 5.5 6.6 10.2 13.9 2.6 3.5 4.7 4.5 3.6 3.0 7.4 11.9 8.8 4.3 5.8 7.2 11.3 3.5 5.1 5.7 3.1 4.2 14.5 14.3 8.5 3.0 6.3 9.9 11.0 2.5 4.1 5.3 5.8 4.2 3.2 2.0 3.7 7.4 4.5 3.7 4.5 3.6 4.3 12.0 9.5 9.6 8.4 9.2
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The regression model was All 106 0475 Food 0250 Shelter 0008 Apparel 02...View the full answer
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Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
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