An additive model for the Gas prices is: a) What is the value predicted by this model
Question:
a) What is the value predicted by this model for January 2010 (Time = 2010)?
b) Do you think the predictions from this model are likely to be accurate? Explain.
Transcribed Image Text:
Dependent variable is: Gas R squared-28.6% R squared (adjusted) 3.3% s0.5524 with 47 13 34 degrees of freedom Variable Coefficient SE(Coeff) t-ratio P-value Intercept 66.3101 Time Jan Feb Mar Apr May Jun Jul Aug 146.9 0.451 0.6546 -0.031816 0.07320.435 0.6664 0.3907 -0.093 0.9263 0.39070.417 0.6793 0.3908 1.01 0.3192 0.644704 0.3910 1.65 0.1084 0.3914 2.01 0.0520 0.3918 .9 0.0562 0.3923 72 0.0949 0.3929 1.38 0.1752 0.3937 0.848 0.4022 0.167112 0.3945 0.424 0.6745 0.4226 -0.070 0.9445 -0.036401 0.162901 0.395053 0.788105 0.774757 0.673908 Oct Nov -0.029645
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a The value for Gas Price predicted by this model for January 2010 is 23...View the full answer
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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