Mathematics, 14.02.2021 01:00, irlrisottonero
An economist has been studying the price of gold per ounce since 2019, when the value started trending up. The economist developed a formula to model the price of gold LaTeX: P(x)=28x+1300 P ( x ) = 28 x + 1300 , where P is the price of an ounce of gold X months after January of 2019 (so x=0 corresponds to January of 2019, x = 1 corresponds to February of 2019, and so on). According to the economist's model, what will be the price of an ounce of gold in January of 2022? Do you think this is an accurate prediction? Why or why not?
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An economist has been studying the price of gold per ounce since 2019, when the value started trendi...
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