$1)$ In December $2008,$ the Fed switched from a point federal funds target to a range target $($and it's possible that it will switch back to a point target in the future$).$ Go to the St$.$ Louis Federal Reserve FRED database, and find data on the federal funds targets$/$ranges:Download into a spreadsheet the data from the beginning of $2006$ through the most current data available.For each daily observation, calculate the "miss" by taking the absolute value of the difference between the effective federal funds rate and the target. $($In excel, you can use the abs$)$ function.$)$ For the periods in which the rate was a range, calculate the absolute value of the"miss" as the amount by which the effective federal funds rate was above or below the range.