The following table contains time series data for regular gasoline prices in the United States for 36

Question:

The following table contains time series data for regular gasoline prices in the United
States for 36 consecutive months:
The following table contains time series data for regular gasoline

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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Essentials of Business Analytics

ISBN: 978-1285187273

1st edition

Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams

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