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How well the price of oil predicts the price of gas

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Reference no: EM131758010

Question: You have data for many years on the average price of a barrel of oil and the average retail price of a gallon of unleaded regular gasoline. If you want to see how well the price of oil predicts the price of gas, then you should make a scatterplot with ______ as the explanatory variable.

(a) the price of oil

(b) the price of gas

(c) the year

(d) either oil price or gas price

(e) time

Reference no: EM131758010

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