Write a Sample Research Question Where the Kolmogorov-Smirnov Test Would

question 6

Essay

Write a sample research question where the Kolmogorov-Smirnov test would be the most appropriate statistical technique to use.

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Definitions:

Disinflation

A reduction in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services rise.

CPI

A gauge called the Consumer Price Index tracks the overall cost of a varied mix of consumer items and services like food, healthcare, and transport, by measuring their weighted average prices.

Cost Of Living

The amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a particular place and time.

Base Year

A specific year chosen as a point of reference for comparing economic data, such as price levels, over time.