Question: An additive model for the Gas prices is: a) What is the value predicted by this model for January 2010 (Time = 2010)? b) Do
An additive model for the Gas prices is:
.png)
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.
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
Step by Step Solution
3.47 Rating (170 Votes )
There are 3 Steps involved in it
a The value for Gas Price predicted by this model for January 2010 is 23... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
452-M-S-D-A (1484).docx
120 KBs Word File
