↑Inflation Measure WPI HeadlineWPI Headline1WPI Food0.34WPI Core0.82CPI Headline0.32CPI Food0.41CPI Core-0.04Inflation MeasureWPI HeadlineWPI FoodWPI CoreCPI HeadlineCPI FoodCPI CoreWPI Headline10.550.930.58"0.34"0.77"A: 1997 02-2008 04WPI Food WPI Core CPI Headline CPI Food CPI Core10.200.900.930.6310.090.26-0.32B: 2009 01-2019 04WPI Food WPI Core CPI Headline CPI Food CPI Core10.270.91"0.890.74*10.390.100.67*Revisit Later10.940.8110.92*0.86*10.5810.61*11Table 2: Correlation matrix of inflation measures (Please ignore the meaning of the * sign)Q. Based on Table 2, we can draw the conclusion that-Select an option& Clear ResponseThe direction of movement between CPI core and WPI headline is notnecessarily the same across the yearsPost 2008, WPI core and WPI headline have moved in opposite directionsPrior to 2009, the correlation between WPI core and WPI headline has beenvery weakPost 2008, CPI core and WPI headline correlation has become weaker

Correlation is a statistical measure that quantifies the degree to which two or more variables are…

A: 1997 02-2008 04 Inflation Measure WPI Headline WPI Food WPI Core CPI Headline CPI Food CPI Core WPI Headline WPI Food WPI Core CPI Headline CPI Food CPI Core 0.34 0.82* 0.32 0.41 -0.04 1 0.20 1 0.90 0.09 0.93 0.26 0.63* -0.32* 1 0.94" 0.81 1 0.27 0.91* 0.89* 0.74 1 0.58 B: 2009 01-2019 04 WPI Food WPI Core CPI Headline CPI Food CPI Core 1 0.39 0.10 0.67 Inflation Measure WPI Headline WPI Headline 1 WPI Food 0.55 WPI Core 0.93 CPI Headline 0.58 1 CPI Food 0.34* 0.92 CPI Core 0.77* 0.86 able ?: Gorrelation matrix of inflation measures (Please ignore the meaning of the sign) 1 1 0.61 1 Select an option & Clear Respon O The direction of movement between CPI core and WPI headline is not necessarily the same across the years O Post 2008, WPI core and WPI headline have moved in opposite directions O Prior to 2009, the correlation between WPI core and WPI headline has been very weak O Post 2008, CPI core and WPI headline correlation has become weaker

A: 1997 02-2008 04 Inflation Measure WPI Headline WPI Food WPI Core CPI Headline CPI Food CPI Core WPI Headline WPI Food WPI Core CPI Headline CPI Food CPI Core 0.34 0.82* 0.32 0.41 -0.04 1 0.20 1 0.90 0.09 0.93 0.26 0.63* -0.32* 1 0.94" 0.81 1 0.27 0.91* 0.89* 0.74 1 0.58 B: 2009 01-2019 04 WPI Food WPI Core CPI Headline CPI Food CPI Core 1 0.39 0.10 0.67 Inflation Measure WPI Headline WPI Headline 1 WPI Food 0.55 WPI Core 0.93 CPI Headline 0.58 1 CPI Food 0.34* 0.92 CPI Core 0.77* 0.86 able ?: Gorrelation matrix of inflation measures (Please ignore the meaning of the sign) 1 1 0.61 1 Select an option & Clear Respon O The direction of movement between CPI core and WPI headline is not necessarily the same across the years O Post 2008, WPI core and WPI headline have moved in opposite directions O Prior to 2009, the correlation between WPI core and WPI headline has been very weak O Post 2008, CPI core and WPI headline correlation has become weaker

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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