Question 15 (5 points)

Saved

To apply the moving-average method to a time series, the data should have a cyclical pattern of fluctuations.

Question 15 options:

	True
	False

Question 16 (5 points)

Saved

The prices for several staple food items for the years 2000 and 2009. Compute the Laspeyres price index for this group of items using 2000=100.

	2000				2009
Item	Cost ($)		Quantity		Cost ($)		Quantity
Bread (white, loaf)	0.90		53		2.43		61
Milk (white, litre)	0.97		99		1.80		117
Eggs (white, dozen)	1.71		19		1.81		21
Flour (white,11.36kg)	5.75		5		9.75		8
Butter (salted, 500g)	1.89		14		2.30		13

Question 16 options:

	89.6
	186.9
	182.5
	152.8