Problem

Consumer Price Index. The United States Consumer Price Index (CPI) in recent years is gi...

Consumer Price Index. The United States Consumer Price Index (CPI) in recent years is given in Table 3. A scatter plot of the data and the linear regression line are shown in the figure.

(A) Interpret the slope of the model.

(B) Predict the CPI in 2010.

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Solutions For Problems in Chapter 1.R