Question
The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 204.7 in 2011 and 233.5 in 2016. Let
The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 204.7 in 2011 and 233.5 in 2016. Let x =11 correspond to the year 2011 and estimate the CPI in 2012 and 2014. Assume that the data can be modeled by a straight line and that the trend continues indefinitely. Use two data points to find such a line and then estimate the requested quantities.
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
