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Question - Time Series data on daily gas prices. Gas prices are presented in Cents per Gallon.
Plot a trend chart of the Gas Prices and include a trend line on a 10-Day Moving Average.
Create a new column and create a 10-day Moving Average. Plot a chart that combines your 10-day Moving Average and the original data. Plot two separate charts.
Date
GASPWK
May 25, 2009
248.50
Jun 01, 2009
257.20
Jun 08, 2009
267.30
Jun 15, 2009
272.20
Jun 22, 2009
274.30
Jun 29, 2009
269.50
Jul 06, 2009
266.60
Jul 13, 2009
258.40
Jul 20, 2009
251.90
Jul 27, 2009
255.70
Average
262.16
Aug 03, 2009
261.00
Aug 10, 2009
270.00
Aug 17, 2009
269.10
Aug 24, 2009
268.20
Aug 31, 2009
266.70
267.00
Sep 07, 2009
264.20
Sep 14, 2009
263.20
Sep 21, 2009
260.70
Sep 28, 2009
255.40
260.88
Oct 05, 2009
252.30
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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