Mathematics, 29.04.2021 22:30 AdanNava699
The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 219.8
in 2011 and 243.5
in 2016. Let xequals
11
correspond to the year 2011 and estimate the CPI in 2012
and 2014
.
Assume that the data can be modeled by a straight line and that the trend continues indefinitely. Use two data points to find such a line and then estimate the requested quantities.
Let y represent the CPI. The linear equation that best models the CPI is nothing
.
Answers: 1
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The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, wa...
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