The table offered shows the data related to the level of personal consumption expenses of the Puerto Rican population fo

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The table offered shows the data related to the level ofpersonal consumption expenses of the Puerto Rican population forthe period from 2001 to 2017, real data. It is interesting toidentify which is the best statistical relationship between thelevel of personal consumption expenditures with the level of theinflation rate and total employment.
Personal consumption expensesY
Total Employment
X
Rate of inflation
W
2001
37,590.30
1,144
2002
38,844.90
1,152
2003
40,973.40
1,188
2004
43,396.00
1,206
2005
47,065.15
1,213
2006
50,148.83
1,254
2007
52,086.58
1,263
2008
54,553.80
1,203
2009
55,122.10
1,144
2010
56,783.80
1,075
2011
58,154.80
1,043
2012
60,897.00
1,024
2013
62,477.60
1,012
2014
61,899.40
988
2015
61,640.50
979
2016
61,496.60
992
2017
61,562.70
989
With the three previously performed analyzes of exercises I, II,III, determine which is the best equation to estimate fiscal years2018 and 2019. Explain why it is the best equation and analyze theestimates for fiscal years 2018 and 2019 using a rate of inflationof 1.5 and 1.3 percent respectively for each fiscal year; and atotal employment level of 980 and 985 respectively for each fiscalyear. Submit your estimates of personal consumption expendituresand their confidence intervals for each of fiscal years 2018 and2019 with the required analysis. (15 pt + 10 analysis pt)