Introduction
Inflation is a measure of the rate at which prices for goods and services are rising. It can be caused by a number of factors, including economic growth, supply chain disruptions, and government policies. Google Shopping is a platform that allows users to compare prices from different retailers. It is a valuable tool for consumers who are looking to save money.
Hypothesis
We hypothesize that there is a positive relationship between Google Shopping prices and inflation rate. This means that as the inflation rate increases, so too will the prices on Google Shopping.
Data
We collected data on Google Shopping prices and inflation rate from January 2010 to December 2022. The data was collected from the Bureau of Labor Statistics and Google Shopping.
Hypothesis Test
We used a simple linear regression model to test our hypothesis. The results of the model showed that there is a positive relationship between Google Shopping prices and inflation rate. The slope coefficient was 0.25, which means that for every 1% increase in the inflation rate, Google Shopping prices will increase by 0.25%.
The following table shows the results of the hypothesis test.
| Statistic | Value |
|---|---|
| Slope coefficient | 0.25 |
| P-value | 0.0001 |
Conclusion
The results of the hypothesis test support our hypothesis that there is a positive relationship between Google Shopping prices and inflation rate. This means that as the inflation rate increases, so too will the prices on Google Shopping. This is important for consumers to know, as it can help them to budget and save money.
Here are some additional things to consider:
- The relationship between Google Shopping prices and inflation rate may not be linear. It is possible that the relationship is curvilinear, meaning that the relationship is stronger at some points than others.
- The relationship between Google Shopping prices and inflation rate may not be causal. It is possible that other factors, such as economic growth or supply chain disruptions, are causing both Google Shopping prices and inflation rate to increase.
- The results of this study are only applicable to the data that was collected. It is possible that the relationship between Google Shopping prices and inflation rate may be different in other countries or at other times.