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Consumer Prices, Capacity Utilization, Money Supply, and Unemployment (n = 54, k = 4) Year ChgCPI CapUtil ChgM1 ChgM2 Unem 1966 2.9 91.1 2.5 4.6

Consumer Prices, Capacity Utilization, Money Supply, and Unemployment (n = 54, k = 4)
Year ChgCPI CapUtil ChgM1 ChgM2 Unem
1966 2.9 91.1 2.5 4.6 3.8
1967 3.1 87.2 6.6 9.3 3.8
1968 4.2 87.1 7.7 8.0 3.6
1969 5.5 86.6 3.3 3.7 3.5
1970 5.7 79.4 5.1 6.6 4.9
1971 4.4 77.9 6.5 13.4 5.9
1972 3.2 83.3 9.2 13.0 5.6
1973 6.2 87.6 5.5 6.6 4.9
1974 11.0 84.4 4.3 5.4 5.6
1975 9.1 73.5 4.7 12.6 8.5
1976 5.8 78.2 6.7 13.4 7.7
1977 6.5 82.4 8.1 10.3 7.1
1978 7.6 84.3 8.0 7.5 6.1
1979 11.3 84.2 6.9 7.9 5.8
1980 13.5 78.7 7.0 8.6 7.1
1981 10.3 77.0 6.9 9.7 7.6
1982 6.2 71.0 8.7 8.8 9.7
1983 3.2 73.5 9.8 11.3 9.6
1984 4.3 79.4 5.8 8.6 7.5
1985 3.6 78.3 12.4 8.0 7.2
1986 1.9 78.4 16.9 9.5 7.0
1987 3.6 80.9 3.5 3.6 6.2
1988 4.1 83.9 4.9 5.8 5.5
1989 4.8 83.1 0.8 5.5 5.3
1990 5.4 81.6 4.0 3.8 5.6
1991 4.2 78.3 8.8 3.1 6.8
1992 3.0 79.4 14.3 1.6 7.5
1993 3.0 80.3 10.2 1.5 6.9
1994 2.6 82.8 1.8 0.4 6.1
1995 2.8 83.1 -2.0 4.1 5.6
1996 3.0 81.9 -4.1 4.8 5.4
1997 2.3 83.0 -0.7 5.7 4.9
1998 1.6 81.7 2.1 8.6 4.5
1999 2.2 80.8 2.6 6.0 4.2
2000 3.4 80.1 -3.1 6.0 4.0
2001 2.8 73.9 8.7 10.4 4.7
2002 1.6 73.0 3.2 6.3 5.8
2003 2.3 74.2 7.1 5.0 6.0
2004 2.7 76.6 5.3 5.8 5.5
2005 3.4 78.8 -0.2 4.0 5.1
2006 3.2 80.4 -0.5 5.3 4.6
2007 2.8 80.7 5.0 5.7 4.6
2008 3.8 77.8 16.6 9.7 5.8
2009 -0.4 58.5 5.7 3.7 9.3
2010 1.6 73.6 8.5 3.6 9.6
2011 3.2 76.2 17.9 9.8 8.9
2012 2.1 77.2 13.7 8.2 8.1
2013 1.5 77.6 8.3 5.5 7.4
2014 1.6 79.0 10.4 5.9 6.2
2015 0.1 77.3 5.2 5.7 5.3
2016 1.3 75.3 8.0 7.1 4.9
2017 2.1 76.1 8.1 4.9 4.4
2018 2.4 78.0 3.7 3.9 3.9
2019 1.8 77.4 6.2 6.7 3.5

Use the standard error to construct a approximate prediction interval for Y using an alpha of 5%. (Round your answer to 3 decimal places.) Based on the width of this prediction interval, would you say the predictions are good enough to have practical value? multiple choice

No

Yes

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