Looking at the Runs Plot of Gasoline Prices Over the Past

question 40

Short Answer

Looking at the runs plot of gasoline prices over the past 30 months, describe what it tells us about the price of gas during these 30 months.

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Definitions:

Skills

Abilities or expertise that an individual possesses, which are developed through practice and education, and are necessary for performing specific tasks.

Workforce Analytics

The use of quantitative tools and scientific methods to analyze data from human resource databases and other sources to make evidence-based decisions that support business goals.

Quantitative Tools

Instruments or methods used to analyze and interpret numerical data, often employed in finance, marketing, and research.

Evidence-based Decisions

Decisions made based on the careful analysis of reliable data, information, and research findings.