Solved

Prices of Crude Oil Have Been Steadily Rising Over the Last

Question 101

Multiple Choice

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. 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. Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline? A) <sub>t</sub> = 1.5175 + 0.2188t<sup>3</sup>. B) <sub>t</sub> = exp(1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup>) C) <sub>t</sub> = 1.5175 - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> D) <sup> </sup> <sup> </sup> <sub>t</sub> = 1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline?


A) 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. Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline? A) <sub>t</sub> = 1.5175 + 0.2188t<sup>3</sup>. B) <sub>t</sub> = exp(1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup>) C) <sub>t</sub> = 1.5175 - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> D) <sup> </sup> <sup> </sup> <sub>t</sub> = 1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> t = 1.5175 + 0.2188t3.
B) 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. Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline? A) <sub>t</sub> = 1.5175 + 0.2188t<sup>3</sup>. B) <sub>t</sub> = exp(1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup>) C) <sub>t</sub> = 1.5175 - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> D) <sup> </sup> <sup> </sup> <sub>t</sub> = 1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> t = exp(1.5175 + 0.2188t - 0.0136t2 + 0.0003t3)
C) 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. Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline? A) <sub>t</sub> = 1.5175 + 0.2188t<sup>3</sup>. B) <sub>t</sub> = exp(1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup>) C) <sub>t</sub> = 1.5175 - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> D) <sup> </sup> <sup> </sup> <sub>t</sub> = 1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> t = 1.5175 - 0.0136t2 + 0.0003t3
D) 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. Which of the following is a cubic trend equation used to forecast for the price of regular unleaded gasoline? A) <sub>t</sub> = 1.5175 + 0.2188t<sup>3</sup>. B) <sub>t</sub> = exp(1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup>) C) <sub>t</sub> = 1.5175 - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> D) <sup> </sup> <sup> </sup> <sub>t</sub> = 1.5175 + 0.2188t - 0.0136t<sup>2</sup> + 0.0003t<sup>3</sup> t = 1.5175 + 0.2188t - 0.0136t2 + 0.0003t3

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q96: The following ratio-to-moving averages for the seasonally

Q97: The following ratio-to-moving averages for the seasonally

Q98: Based on quarterly data collected over the

Q99: Which of the following models is considered

Q100: Based on quarterly data collected over the

Q102: Given the estimated model Given</p></div><svg width=

Q103: The following table shows the annual revenues

Q104: If T denotes the number of observations,

Q105: Prices of crude oil have been steadily

Q106: Which of the following models is not

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents