Mathematics, 29.01.2021 06:40 kerryanne78

The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was 206.4 in 2011 and 230.2 in 2016. Let x=11 correspond to the year 2011 and estimate the CPI in 2012 and 2013. 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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The Consumer Price Index (CPI), which measures the cost of a typical package of consumer goods, was...

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