The Consumer Price Index (CPI) is an important indicator of the general level of prices of essential
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1. Log on to the Consumer Price Index (CPI) home page of the Bureau of Labor Statistics Web site (stats.bls.gov/cpihome.htm). Get a table of the last 48 months' CPI for U.S. urban consumers with 1982-1984 as the base. Make a time plot of the data. Discuss any seasonal pattern you see in the data.
2. Go to the Average Price Data area and get a table of the last 48 months' average price of unleaded regular gasoline. Make a comparison time plot of the CPI data in part 1 and the gasoline price data. Comment on the gasoline prices.
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Related Book For
Complete Business Statistics
ISBN: 9780077239695
7th Edition
Authors: Amir Aczel, Jayavel Sounderpandian
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