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Prices of Crude Oil Have Been Steadily Rising Over the Last

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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.   Using the cubic trend equation, which of the following would be the forecast for the price of regular unleaded gasoline for January 2011? A)  $3.00 B)  $3.09 C)  $3.175 D)  $3.22 Using the cubic trend equation, which of the following would be the forecast for the price of regular unleaded gasoline for January 2011?


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