The following table contains time series data for regular gasoline prices in the United States for 36
Question:
States for 36 consecutive months:
a. Create a line chart for these time series data. What interpretations can you make about the average price per gallon of conventional regular gasoline over these 36 months?
b. Fit a linear trendline to the data. What does the trendline indicate about the price of gasoline over these 36 months?
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Related Book For
Essentials Of Business Analytics
ISBN: 611
1st Edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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