Year JanCPI Year JanCPI 1916 10.4 1966 31.8 1921 19.0 1971 39.8 1926 17.9 1976 55.6 1931 15.9 1981 87.0 1936 13.8 1986 109.6 1941 14.1 1991 134.6 1946 18.2 1996 154.4 1951 25.4 2001 175.1 1956 26.8 2006 198.3 1961 29.8 2011 220.223
Year JanCPI Year JanCPI 1916 10.4 1966 31.8 1921 19.0 1971 39.8 1926 17.9 1976 55.6 1931 15.9 1981 87.0 1936 13.8 1986 109.6 1941 14.1 1991 134.6 1946 18.2 1996 154.4 1951 25.4 2001 175.1 1956 26.8 2006 198.3 1961 29.8 2011 220.223
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Inflation 2011 The Consumer Price Index (CPI) tracks
the prices of consumer goods in the United States, as
shown in the following table. The CPI is reported
monthly, but we can look at selected values. The table
shows the January CPI at five-year intervals. It indicates,
for example, that the average item costing $17.90 in 1926
cost $220.22 in the year 2011.a) Make a
prices. Describe what you see.
b) Be an economic forecaster: Project increases in the
cost of living over the next decade. Justify decisions
you make in creating your model.
![Year
JanCPI
Year
JanCPI
1916
10.4
1966
31.8
1921
19.0
1971
39.8
1926
17.9
1976
55.6
1931
15.9
1981
87.0
1936
13.8
1986
109.6
1941
14.1
1991
134.6
1946
18.2
1996
154.4
1951
25.4
2001
175.1
1956
26.8
2006
198.3
1961
29.8
2011
220.223](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F609af615-7bcb-4a09-8900-9180f2d752b9%2Fca99ef7f-a8a8-41d9-898d-0cdfb5249952%2Fkp00s2.png&w=3840&q=75)
Transcribed Image Text:Year
JanCPI
Year
JanCPI
1916
10.4
1966
31.8
1921
19.0
1971
39.8
1926
17.9
1976
55.6
1931
15.9
1981
87.0
1936
13.8
1986
109.6
1941
14.1
1991
134.6
1946
18.2
1996
154.4
1951
25.4
2001
175.1
1956
26.8
2006
198.3
1961
29.8
2011
220.223
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