Question: this is the website link: https://www.bankofcanada.ca/rates/price-indexes/cpi/ b) (16 points) Go to the website https://www.bankofcanada.ca/rates/price-indexes/cpi/ and obtain MONTHLY data for the period January 1995 to December

this is the website link: https://www.bankofcanada.ca/rates/price-indexes/cpi/

this is the website link: https://www.bankofcanada.ca/rates/price-indexes/cpi/ b) (16 points) Go to the

b) (16 points) Go to the website https://www.bankofcanada.ca/rates/price-indexes/cpi/ and obtain MONTHLY data for the period January 1995 to December 2020 for the Total CPI, (seasonally adjusted): variable id=V41690914. Now use these CPI data and the Mi + data from part (a) to calculate the annual growth rate of both Mi + and the consumer price index (CPI) for the period January 1996 to November 2020 using the following formula: Growth X year Y year month = 100- month - X year-1 month X year-1 month For example, the variable X in April of 2007 would be X 2007 April and for that reason, its growth rate in that month is equal to X 2007 -X 2006 Growth X 2007 = 100 April April April X 2006 April What is the relationship (correlation) between Mi + and consumer price index (CPI) in levels (the values of Mi + and the CPI index)? What is the relationship (correlation) between them when we use annual growth rates rather than levels? Do not forget to attach the graphs to your assignment

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