The graph below illustrates the predicted number of meningitis cases with or without herd immunity after the initiation of the meningitis vaccination program in the United Kingdom in 1999.Write a short paragraph comparing the observed number of cases to the predicted number of cases.Assess the predictive value of the model used to generate the graph and how this relates to the prediction of the number of cases that would exist without herd immunity.
Definitions:
CPI Increased
An indication that the Consumer Price Index has risen, signifying a period of inflation where consumer goods and services prices have gone up.
Base Year
A specific year chosen as a reference point for financial or economic data analysis.
Purchasing Power
The amount of goods or services that can be bought with one unit of a currency, showcasing its value.
CPI
An index measuring the variation in price level of a market basket of consumer goods and services purchased by households, frequently used to identify periods of inflation or deflation.
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