A simple linear regression model was fit to predict the cons…
A simple linear regression model was fit to predict the consumer price index for urban consumers in US Cities based on the months since the beginning of 2021. For example, January 2021 is month 1, January 2022 is month 13, and August 2024 is month 44. Data was collected for months 1 to 44. The equation was yhat = 265.83 + 1.24*month. The 95% prediction interval for month 46 is (315.29, 330.02) Interpret the prediction interval.
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