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:

An additive model for the Gas prices is:
a) What is

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

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