The file NaturalGas contains the monthly average commercial and residential prices for natural gas (dollars per thousand

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The file NaturalGas contains the monthly average commercial and residential prices for natural gas (dollars per thousand cubic feet) in the United States from January 1, 2008, to January 1, 2015. (Data extracted from "U.S. Natural Gas Prices," 1.usa.gov/1I2qMjg, March 1, 2015.) For the commercial price and the residential price:
a. Construct a time-series plot.
b. What pattern, if any, is present in the data?
c. Construct a scatter plot of the commercial price and the residential price.
d. What conclusion can you reach about the relationship between the commercial price and the residential price?
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Statistics For Managers Using Microsoft Excel

ISBN: 9780134173054

8th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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