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BUS 308 Week 5 Final Project ?? A+ Answer

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Abstract;In this project our aim is to establish a relationship between year and CPI of gasoline and on basis of that model predict the gasoline price for future. CPI of gasoline is our response variable and year is our explanatory variable. By this relationship we can measure the changes in CPI of gasoline with the changes in year. We can also forecast the CPI of gasoline for future years. This will help our company in many ways. If we can predict the future value then we can make our plans well. We will also be ready for the adverse situation if we see the predicted values are not in the manner which we have been expecting so far.;Introduction;The consumer price index or CPI is defined as the monthly measurement of U.S. prices of everything we purchase. The Bureau of Labor Statistics (BLS) surveys of 80000 consumer

 

Paper#22628 | Written in 18-Jul-2015

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