The consumer price index (CPI)is a measure of the relative cost of goods in the a given country for a particular year.The table below shows the CPI for a country for the stated years beginning in 1940.
Re-express the CPI.Then determine the regression equation for the re-expressed data.Use your model to predict the CPI in 2,017.
A)289.3
B)277
C)296.5
D)261.2
E)241.8

Question

The consumer price index (CPI)is a measure of the relative cost of goods in the a given country for a particular year.The table below shows the CPI for a country for the stated years beginning in 1940. 
Re-express the CPI.Then determine the regression equation for the re-expressed data.Use your model to predict the CPI in 2,017.
A)289.3 
B)277 
C)296.5 
D)261.2 
E)241.8

Quizplus · Accepted Answer

The Answer of The consumer price index (CPI)is a measure of the relative cost of goods in the a given country for a particular year.The table below shows the CPI for a country for the stated years beginning in 1940. 
Re-express the CPI.Then determine the regression equation for the re-expressed data.Use your model to predict the CPI in 2,017.
A)289.3 
B)277 
C)296.5 
D)261.2 
E)241.8

The Consumer Price Index (CPI)is a Measure of the Relative