Prices of crude oil have been steadily rising over the last two years (The Wall Street Journal, December 14, 2010). The monthly data on price per gallon of unleaded regular gasoline in the United States from January 2009 to December 2010 were available. Three trend models were created starting with t = 1, and the following output was generated. Based on adjusted R², which of the following models is the most appropriate for making a forecast for the price of regular unleaded gasoline? A) Linear B) Quadratic C) Cubic D) Cannot be assessed with the given information

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The Answer of Prices of crude oil have been steadily rising over the last two years (The Wall Street Journal, December 14, 2010). The monthly data on price per gallon of unleaded regular gasoline in the United States from January 2009 to December 2010 were available. Three trend models were created starting with t = 1, and the following output was generated. Based on adjusted R², which of the following models is the most appropriate for making a forecast for the price of regular unleaded gasoline? A) Linear B) Quadratic C) Cubic D) Cannot be assessed with the given information

Prices of Crude Oil Have Been Steadily Rising Over the Last