(Answered) In january 2012 the us m1 money supply was 22001 billion in

Economics

In January 2012, the US M1 money supply was $2,200.1 billion. In December 2012 the M1 money supply was $2,440.2 billion.

(a) Use Method One and find an exponential function M1t = cat for the monthly US money supply.

(b) Use the model and estimate the US money supply for months of August and September of 2012.

(d) If the actual figure of the money supply for August and September were 2,339.0 and 2,373.8, what is the average percentage error of the model?

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