For the series of Output per unit of capital:

a) Make a time series plot.

b) Describe the Trend component.

c) Is there evidence of a Seasonal component?

d) Is there evidence of a cyclic component?

Here are data on the monthly price of Delicious apples and gas, which are both components of the Consumer Price Index.18 The timeplot shows the years 2006–2009 for apples;

the data table shows just 2006, for both.

Transcribed Image Text:

Apples 1.50 1.35 1.20 1.05 Month Apples Gas Jan 0.963 2.359 Feb 0.977 2.354 Mar 0.935 2.444 Apr 0.958 2.801 May 1.021 2.993 Jun 1.053 2.963 Jul 1.146 3.046 Aug 1.235 3.033 Sep 1.256 2.637 Oct 1.138 2.319 Nov 1.089 2.287 Dec 1.027 2.380 2006 2007 2008 2009 Time