The average monthly price of regular gasoline in Southern California is monitored by the Automobile Club of
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The average monthly price of regular gasoline in Southern California is monitored by the Automobile Club of South-ern California’s monthly Fuel Gauge Report. The prices of the time period July 2004 to June 2006 are given here.
b. Identify the recurrence period of the time series. Determine the seasonal index for each month within the recurrence period.
c. Fit a linear trend model to the deseasonalized data.
d. Provide a seasonally adjusted forecast using the linear trend model for July 2006 and July 2010.
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Related Book For
Business Statistics A Decision Making Approach
ISBN: 9780133021844
9th Edition
Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry
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