i trying to determine which is the independent variable and the dependent variable
GDP ($US Millions) 124, 94, 96, 97, 98
Oil Produced (Million Barrels) 104, 101, 99, 96, 93, 91
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i guess your GDP is dependent variable, thinking the price depends on number of barrels(independent) produced.
I would call GDP dependent. But this could go either way.
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