Consider the following results of a multiple regression model of dollar price of unleaded gas (dependent variable) and a set of independent variables: price of crude oil, value of S&P500, price U.S. Dollars against Euros, personal disposal income (in million of dollars) :

	Coefficient	t-statistics
Intercept	0.5871	68.90
Crude Oil	0.0651	32.89
S&P 500	-0.0020	18.09
Price of $	-0.0415	14.20
PDI	0.0001	17.32

R-Square = 97% What is the interpretation of R-Square?

		97% of the movement in unleaded gas price can be explained by changes in crude oil prices.
		97% of the movement in unleaded gas price can be explained by this forecasting model.
		the sum of squared residuals is close to 97%.
		97% of the time this forecasting model will correctly predict the price of unleaded gas.