And the way that it's calculated is, it's like the deflator, it's a price index, and like the deflator it's measuring a general increase or a general change in the level of prices.

So if you actually look at this chart, we're already kind of on an inflationary spectrum.

And I guess a good starting point is, well, what is inflation?

During which surveys were conducted at 3 points. baseline, midline, and endline, to study the impact of cash transfers on households.

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Because a house in the neighborhood sold for 1 million and frankly, that's how, unfortunately, housing was assessed.

Governments usually resort to price control when inflation has reached a certain level.

So you get y minus b plus k over 2 is equal to 1 over 2 times b minus k, times x minus a squared.

Prices go on rising.

The swimming pool is open to the public.

We're saying that we're spending 60 of our money on apples, 40 on bananas in that base year and that this is just that base year level of prices.

One is, you could kind of flip this.

In our last lecture, we already had met the assert keyword from Python.

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You'll see something like cost of goods or variable costs.

(Laughter)

The money supply times the velocity of money that's how often the actual dollars switch hands is equal to the price of the average price of goods times the total quantity of goods and services we have.

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I have seen you a couple of times in the battle field,

The next element is the fact that

And you know, the actual letters I chose don't matter.

Tightly knit carpets are generally more valuable.

The cost function we use for the neural network is going to be a generalization of the one that we use for logistic regression.

The museum is open to the public.

Just a little.

So, Sandage and his collaborators tried very hard to do this.

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