Statistical evidence to support a policy

Assignment Help Basic Statistics

Reference no: EM13338766

Part A:
Complete Questions 3.19 and 3.20 in Selvanathan et al, 6th edition, p.65.

Part B: Complete Question 3.33 in Selvanathan et al, 6th edition, p.72. (Hint: Instructions are on p. 69)

Part C:

The Federal Government of Australia uses the cash rate to control the inflation rate in Australia. Is there statistical evidence to support such a policy?

Instructions:
• Go to either the RBA website or the ABS website to obtain the series of data that you would like to investigate. Collect at least 8 years of information of each series. Using relevant statistical tools, describe the key characteristics of the series and provide a brief report. (Hint: Go to https://www.rba.gov.au/statistics/cash-rate/cash-rate-2002-2007.html to get the cash rates you will need to convert this to quarterly rates. You may obtain the quarterly inflation rate from the RBA site or go to ABS data and compile your own series)

• The Australian government sets as a target an inflation rate of no more than 3% over the course of the business cycle. From the data you have collected on the inflation rate, is there statistical evidence to support such a claim.

• Using relevant statistical tools, analyse the relationship described in this project, and provide a concise report of your findings.

• Using the appropriate statistical tools, forecast the cash rate for the next four quarters outside your sample data period.

Reference no: EM13338766

Questions Cloud

At which the pulses from ships c and a reach ship b : Draw a plot of ct vs x showing the positions of the three spaceships and of the light pulses vs. time, in Earth's frame. Find the times, according to the Earth frame, at which the pulses from ships C and A reach ship B.

What is the induced emf in the rod : A slender rod with a length of 0.300m rotates with an angular speed of 9.00 rad/s about an axis through one end and perpendicular to the rod. What is the induced emf in the rod

Should multiply a numeric variable named number : Code a while statement that will continue executing while a variable named multiplier is not equal to 1. The code within the while loop should start by subtracting 1 from the multiplier variable.

Interactive budgeting tools : Client Database: Can you get to company database (address, phone numbers, etc. of vendors and clients) easily and how is that info accessible (mobile or tower only)?

Statistical evidence to support a policy : The Federal Government of Australia uses the cash rate to control the inflation rate in Australia. Is there statistical evidence to support such a policy?

Determine the speed of a particle of the string at x : The displacement of a standing wave on a string is given by D = 8.8 sin(0.60x)cos(50t), where x and D are in centimeters and t is in seconds. (a) What is the distance (cm) between nodes

Find the moment of inertia of the plate about the y-axis : A uniform plate of height 1.920 m is cut in the form of a parabolic section. The lower boundary of the plate is defined by: y = 1.000 x2. The plate has a mass of 1.17 kg.

Find the net downward force on the tanks flat bottom : You are assigned the design of a cylindrical, pressurized water tank for a future colony on Mars, Find the net downward force on the tank's flat bottom

Calculate the total angle through which the wheel has turned : The flywheel of a steam engine begins to rotate from rest with a constant angular acceleration of 1.43 rad/s2. It accelerates for 31.5 s, then maintains a constant angular velocity

User Account

All Pages