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Prices of Crude Oil Have Been Steadily Rising Over the Last

question 63

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Prices of crude oil have been steadily rising over the last two years (The Wall Street Journal, December 14, 2010) . The monthly data on price per gallon of unleaded regular gasoline in the United States from January 2009 to December 2010 were available. Three trend models were created starting with t = 1 and the following output was generated. Prices of crude oil have been steadily rising over the last two years (The Wall Street Journal, December 14, 2010) . The monthly data on price per gallon of unleaded regular gasoline in the United States from January 2009 to December 2010 were available. Three trend models were created starting with t = 1 and the following output was generated.   Which of the following would be a difference in the forecasts for the price of regular unleaded gasoline for February 2011 comparing two trend models: cubic and quadratic? A)  $0.01 B)  $0.02 C)  $0.03 D)  $0.04 Which of the following would be a difference in the forecasts for the price of regular unleaded gasoline for February 2011 comparing two trend models: cubic and quadratic?


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