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The following data set shows the annual rate of inflation in percent (Inflation) and the annual average of the three-month treasury bill rate in percent
The following data set shows the annual rate of inflation in percent (Inflation) and the annual average of the three-month treasury bill rate in percent (TBILL) for the years 2013 through 2022: Year Inflation TBILL 2013 1.465 0.058 2014 1.622 0.033 2015 0.119 0.053 2016 1.262 0.318 2017 2.130 0.931 2018 2.443 1.939 2019 1.812 2.061 2020 1.234 0.365 2021 4.698 0.044 2022 8.003 2.022 The relationship between the interest rate and the inflation rate is important when considering monetary policy at the macroeconomic level. Calculate the sample correlation between Inflation and TBILL and comment on the result
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