Aug 11, 2017

How do you interpret the price indices in Exhibit 3? How do economists construct them?

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Price Indices

INSTRUCTIONS:
i need you to read the case and answer the question How do you interpret the price indices in Exhibit 3? How do economists construct them? Use Excel regression to analyze the relationship between the adjusted price index (dependent variable and year (independent variable). Interpret your regression findings by discussing the coefficient of determination (R-square), the regression coefficient, the regression equation, and the p value. Can you use the regression equation to predict the price indices? Take into account statistical, macroeconomic, and other considerations.
CONTENT:
Price Indices Name:Course:Professor Name:(June 13, 2012) Price IndicesPrice indexes are the average of the goods and in this case, I would tend to think that the prices vary with the class of work that was done by a class of goods and services, in this case, it would be that of the Kim who suffered immense damage. It increases by the years due to the changing economic and global changes such as inflation, geographical set-up and economic turmoil. It measures the cost of living that was established from 1991-200...

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