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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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