You want to predict the average price of gasoline (regular, unleaded) in Minnesota in the coming year.

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You want to predict the average price of gasoline (regular, unleaded) in Minnesota in the coming year. Propose a regression with no less than 3 and no greater than 5 exogeneous variables to make this forecast. Be sure to explain each variable.

How would you know if there was an autocorrelation problem in the regression for the answer to the question above?

How would you go about making a forecast for the coming year?

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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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Posted Date: Jan 13, 2021 07:15 AM

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You want to predict the average price of gasoline (regular, unleaded) in Minnesota in the coming year.

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1REGRESSION FOR THIS PROBLEM IS GIVEN BY Q ab 1 X 1 b 2 X 2 b 3 X 3 e WHERE WE DEFINE Q AS THE Q... View the full answer

Data Analysis and Decision Making

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