Inflation in Different Economies: A Brief Analysis

Abstract

The steady rise in the average price of goods and services over time in an economy is known as inflation, and it is a key economic indicator. It happens frequently and regularly in the economy, and both individuals and the economy as a whole may be significantly impacted by its repercussions. We must gather information on both variables Inflation Ecuador-Chile, Ecuador-Venezuela in order to perform a linear regression analysis to look at the relationship between inflation and the economy, using Linear Regression, Kmeans and Hierarchy Cluster. The analysis’ findings can offer important new perspectives on the variables that affect inflation and the economic circumstances that cause changes in inflation. Making informed judgments about the economy and fostering economic stability require an understanding of the connection between inflation and the overall economy.