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Can you solve question E please, thank you a) Being able to afford gas is such an important part of your clients' budgets that you've
Can you solve question E please, thank you
a) Being able to afford gas is such an important part of your clients' budgets that you've decided to do your own long-term study of the price of gas. Find the average price of gasoline (Super 98) per liter over a period of ten years of your choice. With your graphing calculator, create an exponential regression model to fit the data below. Hint: (Search for the price by year) Year Price of gasoline (Super 98) 2013 1.83 2014 1.83 2015 2.25 2016 1.69 2017 1.91 2018 2.24 2019 2.00 2020 2.24 2021 1.91 2.65 2022 b) Compare your model to the equation used in Part 3. What does this tell you about inflation rate models in the short term versus the long term? How will you explain this to your clients? Y = 1.7673e0.0259x The long term is considerably more stable than the short term, which is lot more volatile, and when you look at the long term, you can see any trends more clearly and forecast whether it will rise or fall. "We can receive immediate information that would be needed for a budget modification if you look at the short-term module, but for your objectives and planes, we would look at the long-term module, which would allow us to research trends and create a design that would best meet your aims." c) According to this second model, when do you expect the price of gas to reach the critical level of 4.50 per liter? Show your work. Y = 1.7673e0.0259x Y = 1.7673e0.0259(37) Y = 4.60 d) Compare the three models in Part 2,3,4. Which will you discuss with your clients and why? Use evidence to justify your reasoning. The second is short term, which I believe is the best way to represent current times because they are so volatile. The third is also good because it takes the exact value of inflation into account, but it must be updated because the inflation rate is constantly changing, and it also uses the average price for gasoline, which is irrelevant since the current price is double. The fourth is good and reliable, but it does not consider the way prices have rocketed in such a short period of time and it does not consider the way prices have rocketed. I'd discuss the one from Part 2 because I believe that if any budget modifications are required, it's better to make them use the one that I believe is the most accurate, and when you produce one that is up to date, I believe you can confidently use it as a foundation for changing your budget and spending limitations. The most correct answer for next month's price is y = 2.1202e0.0278(17) = 3.4011. This was accomplished using the part 2 formula, which is why I believe it is the most effective and could be more seen if we utilized all the months from this year. e) Your associate wants to know if the model can be a rational function? Why or Why not? Elaborate your answer in complete sentences. a) Being able to afford gas is such an important part of your clients' budgets that you've decided to do your own long-term study of the price of gas. Find the average price of gasoline (Super 98) per liter over a period of ten years of your choice. With your graphing calculator, create an exponential regression model to fit the data below. Hint: (Search for the price by year) Year Price of gasoline (Super 98) 2013 1.83 2014 1.83 2015 2.25 2016 1.69 2017 1.91 2018 2.24 2019 2.00 2020 2.24 2021 1.91 2.65 2022 b) Compare your model to the equation used in Part 3. What does this tell you about inflation rate models in the short term versus the long term? How will you explain this to your clients? Y = 1.7673e0.0259x The long term is considerably more stable than the short term, which is lot more volatile, and when you look at the long term, you can see any trends more clearly and forecast whether it will rise or fall. "We can receive immediate information that would be needed for a budget modification if you look at the short-term module, but for your objectives and planes, we would look at the long-term module, which would allow us to research trends and create a design that would best meet your aims." c) According to this second model, when do you expect the price of gas to reach the critical level of 4.50 per liter? Show your work. Y = 1.7673e0.0259x Y = 1.7673e0.0259(37) Y = 4.60 d) Compare the three models in Part 2,3,4. Which will you discuss with your clients and why? Use evidence to justify your reasoning. The second is short term, which I believe is the best way to represent current times because they are so volatile. The third is also good because it takes the exact value of inflation into account, but it must be updated because the inflation rate is constantly changing, and it also uses the average price for gasoline, which is irrelevant since the current price is double. The fourth is good and reliable, but it does not consider the way prices have rocketed in such a short period of time and it does not consider the way prices have rocketed. I'd discuss the one from Part 2 because I believe that if any budget modifications are required, it's better to make them use the one that I believe is the most accurate, and when you produce one that is up to date, I believe you can confidently use it as a foundation for changing your budget and spending limitations. The most correct answer for next month's price is y = 2.1202e0.0278(17) = 3.4011. This was accomplished using the part 2 formula, which is why I believe it is the most effective and could be more seen if we utilized all the months from this year. e) Your associate wants to know if the model can be a rational function? Why or Why not? Elaborate your answer in complete sentencesStep by Step Solution
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