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TABLE 16-14
Given Below Are the Average Prices for Three

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TABLE 16-14
Given below are the average prices for three types of energy products in the United States from 1992 to 1995.
 Year  Electricity  N atural Gas  Fuel Oil 199243.20525.8930.892199316.95928.7490.969199447.20228.9331.034199548.87429.8720.913199648.69328.3840.983\begin{array} { c c c c } \text { Year } & \text { Electricity } & \text { N atural Gas } & \text { Fuel Oil } \\1992 & 43.205 & 25.893 & 0.892 \\1993 & 16.959 & 28.749 & 0.969 \\1994 & 47.202 & 28.933 & 1.034 \\1995 & 48.874 & 29.872 & 0.913 \\1996 & 48.693 & 28.384 & 0.983\end{array}
-Referring to Table 16-14, what is the unweighted aggregate price index for the group of three energy items in 1995 using 1992 as the base year?


Definitions:

Annual Time-Series

A sequence of data points recorded or measured at successive time intervals, each interval being one year, used to analyze trends over time.

Moving Averages

A mathematical method that examines time series information by generating a sequence of means from various segments of the entire data set.

Seasonal Variation

It refers to periodic fluctuations in data or observations that occur regularly based on seasonal changes throughout the year.

Cyclical Movement

Refers to the fluctuating trends in economic variables or indicators that follow the cyclical ups and downs of the economy over time.

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