2. The following is the historical data of inflation rates in the Philippines from 2011 to 2019. Determine the rate in the years 2013, 2016, and 2018 using Lagrange Interpolation. Verify your result by looking on the reputable websites with inflation rate data.

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter1: Equations And Graphs
Section1.2: Graphs Of Equations In Two Variables; Circles
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Solve the following interpolation problems correctly.  Provide the step-by-step solution

2. The following is the historical data of inflation rates in the Philippines from 2011 to 2019. Determine the rate in the years 2013, 2016, and 2018 using Lagrange
Interpolation. Verify your result by looking on the reputable websites with inflation rate data.
Philippines Inflation Rate - Historical Data
Year
Inflation Rate (%)
2019
2.48%
2017
2.85%
2015
0.67%
2014
3.60%
2011
4.72%
Transcribed Image Text:2. The following is the historical data of inflation rates in the Philippines from 2011 to 2019. Determine the rate in the years 2013, 2016, and 2018 using Lagrange Interpolation. Verify your result by looking on the reputable websites with inflation rate data. Philippines Inflation Rate - Historical Data Year Inflation Rate (%) 2019 2.48% 2017 2.85% 2015 0.67% 2014 3.60% 2011 4.72%
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