INTRODUCTION TO STATISTICAL MODELLING IN R

P.M.E.Altham, University of Cambridge 15of the increase, see Figure 2.3.The Independent, July 4, 2008 has the following headlineThe Mauna Loa carbon dioxide seriescarbon dioxide, in parts per million320 330 340 350 360 3701960 1970 1980 1990 2000YearFigure 2.3:Global warming? The Mauna Loa carbon dioxide series‘Inflation worries prompt ECB to hike rates’ (the ECB is the European CentralBank). This is accompanied by a graph showing the GDP annual growth, as apercentage, together with Inflation, also as a percentage, for each of 15 ‘Europeansingle currency member states’. These are given in the Table below.GDPgrowth InflationIreland 3.8 3.3UK 2.3 3.0Bel 2.1 4.1Neth 3.4 1.7Lux 3.4 4.3Ger 2.6 2.6Slovenia 4.6 6.2Austria 2.9 3.4Portugal 2.0 2.5Spain 2.7 4.2France 2.2 3.4Malta 3.7 4.1Italy 0.2 3.6Greece 3.6 4.4