CPI represents a country’s Consumer Price Index and MS represents the country’s Money Supply (in £ billions) over a 10-year period. CPI MS 95 8 99 9 100 10 105 12 110 15 120 20 122 20 123 21 123 21 124 21 Calculate the Pearson correlation coefficient between the two variables. Comment on the strength of the relationship between CPI and MS.

CPI represents a country’s Consumer Price Index and MS represents the country’s Money Supply (in £ billions) over a 10-year period. CPI MS 95 8 99 9 100 10 105 12 110 15 120 20 122 20 123 21 123 21 124 21 Calculate the Pearson correlation coefficient between the two variables. Comment on the strength of the relationship between CPI and MS.

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Question

CPI represents a country’s Consumer Price Index and MS represents the country’s Money Supply (in £ billions) over a 10-year period.

CPI MS

95 8

99 9

100 10

105 12

110 15

120 20

122 20

123 21

124 21

Calculate the Pearson correlation coefficient between the two variables.
Comment on the strength of the relationship between CPI and MS.

Definition Definition Statistical measure used to assess the strength and direction of relationships between two variables. Correlation coefficients range between -1 and 1. A coefficient value of 0 indicates that there is no relationship between the variables, whereas a -1 or 1 indicates that there is a perfect negative or positive correlation.

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