Prices of Crude Oil Have Been Steadily Rising Over the Last

question 105

Multiple Choice

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,and the following relevant information became available. 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) $3.15
• D) $3.22

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Definitions:

Processing

The act or series of operations performed by a computer or other device on data according to programmed instructions.

Memory Strategies

Techniques used to enhance memory, including methods like visualization, chunking, and the use of mnemonic devices.

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Selective Attention

The focusing of conscious awareness on a particular stimulus while ignoring others, an important aspect of cognitive processing.