An article in Real Estate Finance displays the following data for Brazil's short-term interest rates (in percent).1
|
January
|
1996
|
43%
|
|
July
|
1996
|
31
|
|
January
|
1997
|
23
|
|
July
|
1997
|
20
|
|
January
|
1998
|
21
|
|
July
|
1998
|
25
|
|
January
|
1999
|
26
|
|
July
|
1999
|
25
|
|
January
|
2000
|
21
|
|
July
|
2000
|
17
|
|
January
|
2001
|
15
|
|
July
|
2001
|
15
|
|
January
|
2002
|
16
|
|
July
|
2002
|
17
|
|
January
|
2003
|
18
|
|
July
|
2003
|
22
|
|
January
|
2004
|
20
|
|
July
|
2004
|
16
|
|
January
|
2005
|
15
|
|
July
|
2005
|
17
|
|
January
|
2006
|
17
|
|
July
|
2006
|
15
|
|
January
|
2007
|
14
|
Develop a good forecasting model, and use it to forecast Brazil's short-term rate for July 2007.