Question

Suppose the yearly trend is $0.45. The information on (detrended) corn prices are given in the table below. Fill in the missing information in the table and then answer. the sub-questions using the information in the table.

(round up to second decimal place)

(for number 2) and 3), do not write your answer as Jan and Feb or 1 and 2, but write January or February)

(Do not write $ in your answer)

Month	Year 1	Year 2	Year 3	Monthly Average	Monthly Price Index
January	4.48	4.04	3.80	4.11	93.84
February	4.44	3.40	4.05	3.96	90.41
March	4.64	4.04	3.5	a	c
April	4.74	4.36	3.70	4.27	97.49
May	5.08	4.48	3.68	4.41	100.68
June	4.94	5.02	3.98	4.65	106.16
July	4.48	5.48	4.44	4.80	109.59
August	4.14	5.58	4.88	4.87	111.19
September	3.92	4.62	5.20	4.58	104.57
October	3.70	4.22	4.64	4.19	95.66
November	3.64	4.04	4.60	4.09	93.38
December	4.06	4.1	5.16	4.44	D
Overall Average Price				b

what is the answer for __________,___________,__________ and ____________.

Given the monthly price index values, ________ would be the best month to sell corn

Given the monthly price index values, ________ would be the best month to buy corn.

The most recent average yearly price for corn per bushel is $4.00.

The October price of corn two years from now is ___________.

Answer 1

A. 4.06

Monthly Average (march) = 4.06

(4.64 + 4.04 + 3.5)/3 =4.06

B. 4.37

Overall Average Price = Average of Monthly Average price = Sum Monthly Av Price/n

=52.43/12 = 4.37

C. Monthly Price Index(March) = 92.91

D. Monthly Price Index(December) =101.6

what is the answer for 4.06,4.37,and 92.91,101.6

Given the monthly price index values, August(as price index is max) would be the best month to sell corn

Given the monthly price index values, February(as price index is min) would be the best month to buy corn.

The most recent average yearly price for corn per bushel is $4.00.

The October price of corn two years from now is 112.09.