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April 8, 2021

Identify they are percentages. For example

Using the average inflation rates from: http://www.usinflationcalculator.com/inflation/historical-inflation-rates/ use the geometric mean to find the average percent change in inflation for the past 5 years.

Geometric mean is covered in question 10 of your week 6 homework. I suggest working that problem and watching the included video before you post to the discussion question.

PLEASE SEE THE VIDEO LINK BELOW

Geometric Mean of rates

When working with your list of average inflation rates, please make sure you identify they are percentages. For example, if you see the average inflation rate of 2.1, it is really 2.1%. You should either use all 60 months rates or the 5 yearly average rates.

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