Month and Year U.S. Gasoline Prices (in cents)OPEC Spot Price: $ per barrelU.S. Finished Motor Gasoline Production (1000 Barrels per Day)U.S. Natural Gas Wellhead Price ($/1000 Cu.Ft.)Jan-97128.321.5273153.4Feb-97127.618.5773302.49Mar-97125.118.6370791.79Apr-97124.416.6477371.81May-97124.518.3179982Jun-97124.216.6980082.08Jul-9712217.1679592Aug-97126.816.7982072.08Sep-97127.617.3481342.33Oct-97124.218.1878812.68Nov-97121.617.5776272.92Dec-97117.715.6583312.28Jan-98113.213.4875451.96Feb-98109.611.6675081.96Mar-98106.411.9879752.06Apr-98107.711.7880832.16May-98110.511.9282162.04Jun-98110.310.7383681.91Jul-98109.411.5582722.09Aug-98106.511.5484031.82Sep-98104.912.5680261.7Oct-98105.912.4579471.86Nov-98103.611.0981811.94Dec-9898.79.5683061.95Jan-999810.4677921.85Feb-9996.210.0778661.77Mar-99102.213.2476761.7Apr-99117.115.7383271.9May-99117.114.8984012.17Jun-99115.415.6881652.14Jul-99119.718.7481562.2Aug-9912619.9583842.51Sep-99129.522.3384932.62Oct-99128.521.681542.52Nov-99129.224.5182542.68Dec-99131.324.3283882.24Jan-00132.925.5478362.6Feb-00141.525.9478302.73Mar-00155.624.7382562.66Apr-00150.623.6382142.86May-00152.627.6784343.04Jun-00166.629.1183253.77Jul-00159.125.2285563.84Aug-00150.628.482953.73Sep-00158.828.9684244.26Oct-00157.130.6682494.58Nov-00155.730.2881834.4Dec-00148.320.8985055.77Jan-01148.724.6377896.82Feb-0114924.7879745.08Mar-0114523.3879554.37Apr-01159.125.0284764.52May-01173.826.8785674.36Jun-01165.824.3489973.79Jul-01146.623.4282663.35Aug-01146.124.8980503.33Sep-01155.721.4784552.93Oct-01135.719.2184222.78Nov-01121.217.2985353.41Dec-01112.718.5782923.42Jan-02114.817.5681492.5Feb-02115.518.7479502.19Mar-02128.923.3883712.4Apr-02143.924.1884972.94May-02143.422.9984402.94Jun-02142.423.6885282.96Jul-02143.824.285502.92Aug-02143.825.8383822.76Sep-02144.127.5584612.97Oct-02148.625.6985153.24Nov-02146.123.3286473.59Dec-02142.928.587963.96Jan-0315029.1875214.43Feb-03165.531.4379785.05Mar-03173.424.2180046.96Apr-03163.323.5584304.47May-03153.924.286564.77Jun-03153.325.0486575.41Jul-03155.426.6485245.08Aug-03166.128.2688464.46Sep-03172.124.8887494.59Oct-03160.627.1485264.32Nov-03155.527.687024.26Dec-03152.228.3286674.76Jan-04161.428.8481485.21Feb-0416929.2184565.02Mar-04177.831.2885305.12Apr-04183.931.9187935.03May-04202.335.2888175.4Jun-04201.333.0587985.82Jul-04195.436.688325.62Aug-0419239.6788795.52Sep-04191.239.8581875.06Oct-04204.244.7287795.43Nov-04202.338.2688576.21Dec-04188.733.2990136.01Jan-05187.541.8984655.8Feb-05195.344.0484855.73Mar-0521249.681985.95Apr-05228.548.5887526.57May-05220.544.2591286.25Jun-05219.853.0891366.09Jul-05233.353.5986616.71Aug-05252.959.9587996.48Sep-05295.158.8375078.95Oct-05276.553.45873410.33Nov-05230.350.2989669.89Dec-05222.952.2289379.08Jan-0623660.986648.02Feb-06232.655.7683506.86Mar-06246.859.9181346.44Apr-06278.767.5985956.38May-06295.364.1292086.24Jun-0629365.792075.78Jul-06302.568.7190375.92Aug-06299.967.4891416.56Sep-06260.656.0789026.06Oct-06229.355.4587635.09Nov-06227.554.7388566.72Dec-06235.957.3393266.76Jan-07228.950.1790875.92Feb-07232.354.486686.66Mar-07260.961.787736.56Apr-07289.164.3587776.84May-07318.767.3992586.98Jun-07310.268.0294026.86Jul-07301.173.7494296.19Aug-07283.468.8391575.9Sep-07284.976.5286985.61Oct-07285.381.6289176.25Nov-07312.890.7490926.37Dec-0730790.9990706.53Jan-08309.585.488876.99Feb-08307.895.490427.55Mar-08329.399.4586088.29Apr-08350.7110.9689648.94May-08381.5126.4391139.81 QUESTION 7Use the 12-Year Gasoline Time series database on "Excel Databases.xls". Based on the chosen model produced in the previous question, predict the US Gasoline Price(cents) for June, 2008. Round your answer to 1 decimal place, do not include units or $ sign in your answer.

US gasoline Price (Cents) for June 2008. we give t = 0 for January 1997 according to that for June…

Answered: Use the 12-Year Gasoline Time series…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Month and Year	U.S. Gasoline Prices (in cents)	OPEC Spot Price: $ per barrel	U.S. Finished Motor Gasoline Production (1000 Barrels per Day)	U.S. Natural Gas Wellhead Price ($/1000 Cu.Ft.)
Jan-97	128.3	21.52	7315	3.4
Feb-97	127.6	18.57	7330	2.49
Mar-97	125.1	18.63	7079	1.79
Apr-97	124.4	16.64	7737	1.81
May-97	124.5	18.31	7998	2
Jun-97	124.2	16.69	8008	2.08
Jul-97	122	17.16	7959	2
Aug-97	126.8	16.79	8207	2.08
Sep-97	127.6	17.34	8134	2.33
Oct-97	124.2	18.18	7881	2.68
Nov-97	121.6	17.57	7627	2.92
Dec-97	117.7	15.65	8331	2.28
Jan-98	113.2	13.48	7545	1.96
Feb-98	109.6	11.66	7508	1.96
Mar-98	106.4	11.98	7975	2.06
Apr-98	107.7	11.78	8083	2.16
May-98	110.5	11.92	8216	2.04
Jun-98	110.3	10.73	8368	1.91
Jul-98	109.4	11.55	8272	2.09
Aug-98	106.5	11.54	8403	1.82
Sep-98	104.9	12.56	8026	1.7
Oct-98	105.9	12.45	7947	1.86
Nov-98	103.6	11.09	8181	1.94
Dec-98	98.7	9.56	8306	1.95
Jan-99	98	10.46	7792	1.85
Feb-99	96.2	10.07	7866	1.77
Mar-99	102.2	13.24	7676	1.7
Apr-99	117.1	15.73	8327	1.9
May-99	117.1	14.89	8401	2.17
Jun-99	115.4	15.68	8165	2.14
Jul-99	119.7	18.74	8156	2.2
Aug-99	126	19.95	8384	2.51
Sep-99	129.5	22.33	8493	2.62
Oct-99	128.5	21.6	8154	2.52
Nov-99	129.2	24.51	8254	2.68
Dec-99	131.3	24.32	8388	2.24
Jan-00	132.9	25.54	7836	2.6
Feb-00	141.5	25.94	7830	2.73
Mar-00	155.6	24.73	8256	2.66
Apr-00	150.6	23.63	8214	2.86
May-00	152.6	27.67	8434	3.04
Jun-00	166.6	29.11	8325	3.77
Jul-00	159.1	25.22	8556	3.84
Aug-00	150.6	28.4	8295	3.73
Sep-00	158.8	28.96	8424	4.26
Oct-00	157.1	30.66	8249	4.58
Nov-00	155.7	30.28	8183	4.4
Dec-00	148.3	20.89	8505	5.77
Jan-01	148.7	24.63	7789	6.82
Feb-01	149	24.78	7974	5.08
Mar-01	145	23.38	7955	4.37
Apr-01	159.1	25.02	8476	4.52
May-01	173.8	26.87	8567	4.36
Jun-01	165.8	24.34	8997	3.79
Jul-01	146.6	23.42	8266	3.35
Aug-01	146.1	24.89	8050	3.33
Sep-01	155.7	21.47	8455	2.93
Oct-01	135.7	19.21	8422	2.78
Nov-01	121.2	17.29	8535	3.41
Dec-01	112.7	18.57	8292	3.42
Jan-02	114.8	17.56	8149	2.5
Feb-02	115.5	18.74	7950	2.19
Mar-02	128.9	23.38	8371	2.4
Apr-02	143.9	24.18	8497	2.94
May-02	143.4	22.99	8440	2.94
Jun-02	142.4	23.68	8528	2.96
Jul-02	143.8	24.2	8550	2.92
Aug-02	143.8	25.83	8382	2.76
Sep-02	144.1	27.55	8461	2.97
Oct-02	148.6	25.69	8515	3.24
Nov-02	146.1	23.32	8647	3.59
Dec-02	142.9	28.5	8796	3.96
Jan-03	150	29.18	7521	4.43
Feb-03	165.5	31.43	7978	5.05
Mar-03	173.4	24.21	8004	6.96
Apr-03	163.3	23.55	8430	4.47
May-03	153.9	24.2	8656	4.77
Jun-03	153.3	25.04	8657	5.41
Jul-03	155.4	26.64	8524	5.08
Aug-03	166.1	28.26	8846	4.46
Sep-03	172.1	24.88	8749	4.59
Oct-03	160.6	27.14	8526	4.32
Nov-03	155.5	27.6	8702	4.26
Dec-03	152.2	28.32	8667	4.76
Jan-04	161.4	28.84	8148	5.21
Feb-04	169	29.21	8456	5.02
Mar-04	177.8	31.28	8530	5.12
Apr-04	183.9	31.91	8793	5.03
May-04	202.3	35.28	8817	5.4
Jun-04	201.3	33.05	8798	5.82
Jul-04	195.4	36.6	8832	5.62
Aug-04	192	39.67	8879	5.52
Sep-04	191.2	39.85	8187	5.06
Oct-04	204.2	44.72	8779	5.43
Nov-04	202.3	38.26	8857	6.21
Dec-04	188.7	33.29	9013	6.01
Jan-05	187.5	41.89	8465	5.8
Feb-05	195.3	44.04	8485	5.73
Mar-05	212	49.6	8198	5.95
Apr-05	228.5	48.58	8752	6.57
May-05	220.5	44.25	9128	6.25
Jun-05	219.8	53.08	9136	6.09
Jul-05	233.3	53.59	8661	6.71
Aug-05	252.9	59.95	8799	6.48
Sep-05	295.1	58.83	7507	8.95
Oct-05	276.5	53.45	8734	10.33
Nov-05	230.3	50.29	8966	9.89
Dec-05	222.9	52.22	8937	9.08
Jan-06	236	60.9	8664	8.02
Feb-06	232.6	55.76	8350	6.86
Mar-06	246.8	59.91	8134	6.44
Apr-06	278.7	67.59	8595	6.38
May-06	295.3	64.12	9208	6.24
Jun-06	293	65.7	9207	5.78
Jul-06	302.5	68.71	9037	5.92
Aug-06	299.9	67.48	9141	6.56
Sep-06	260.6	56.07	8902	6.06
Oct-06	229.3	55.45	8763	5.09
Nov-06	227.5	54.73	8856	6.72
Dec-06	235.9	57.33	9326	6.76
Jan-07	228.9	50.17	9087	5.92
Feb-07	232.3	54.4	8668	6.66
Mar-07	260.9	61.7	8773	6.56
Apr-07	289.1	64.35	8777	6.84
May-07	318.7	67.39	9258	6.98
Jun-07	310.2	68.02	9402	6.86
Jul-07	301.1	73.74	9429	6.19
Aug-07	283.4	68.83	9157	5.9
Sep-07	284.9	76.52	8698	5.61
Oct-07	285.3	81.62	8917	6.25
Nov-07	312.8	90.74	9092	6.37
Dec-07	307	90.99	9070	6.53
Jan-08	309.5	85.4	8887	6.99
Feb-08	307.8	95.4	9042	7.55
Mar-08	329.3	99.45	8608	8.29
Apr-08	350.7	110.96	8964	8.94
May-08	381.5	126.43	9113	9.81

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Use the 12-Year Gasoline Time series database on "Excel Databases.xls". Based on the chosen model produced in the previous question, predict the US Gasoline Price (cents) for June, 2008. Round your answer to 1 decimal place, do not include units or $ sign in your answer.