How to use linear regression to predict the price

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Reference no: EM13179196

The average price/gallon of gass in July over the past 4 years was $2.74, $3.65, $3.45, and $3.63. Use linear regression to predict the price of gas the following year?

How would I set up this problem? Do I use years as my x variable?

Reference no: EM13179196

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How to use linear regression to predict the price : The average price/gallon of gass in July over the past 4 years was $2.74, $3.65, $3.45, and $3.63. Use linear regression to predict the price of gas the following year? How would I set up this problem? Do I use years as my x variable?

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