JetBlue Airlines Revenue (n = 8 years) Year Revenue (mil) 2008 3,388 2009 3,286 2010 3,779 2011 4,504 2012 4,982 2013 5,441 2014 5,817 2015 6,416 (a) Use Excel, MegaStat, or MINITAB to fit both a linear and an exponential trend to the time series. (Round your answers to 2 decimal places.) Linear yt = t + Exponential yt = e t (b) Make annual forecasts for 2016–2018, using the linear and exponential trend models. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.) t Linear Exponential 9 10 11
JetBlue Airlines Revenue (n = 8 years) Year Revenue (mil) 2008 3,388 2009 3,286 2010 3,779 2011 4,504 2012 4,982 2013 5,441 2014 5,817 2015 6,416 (a) Use Excel, MegaStat, or MINITAB to fit both a linear and an exponential trend to the time series. (Round your answers to 2 decimal places.) Linear yt = t + Exponential yt = e t (b) Make annual forecasts for 2016–2018, using the linear and exponential trend models. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.) t Linear Exponential 9 10 11
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 7P
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Question
JetBlue Airlines Revenue (n = 8 years) | |||||||
Year | Revenue (mil) | ||||||
2008 | 3,388 | ||||||
2009 | 3,286 | ||||||
2010 | 3,779 | ||||||
2011 | 4,504 | ||||||
2012 | 4,982 | ||||||
2013 | 5,441 | ||||||
2014 | 5,817 | ||||||
2015 | 6,416 | ||||||
|
|||||||
(a) Use Excel, MegaStat, or MINITAB to fit both a linear and an exponential trend to the time series. (Round your answers to 2 decimal places.)
Linear | yt = t + |
Exponential | yt = e t |
(b) Make annual forecasts for 2016–2018, using the linear and exponential trend models. (Do not round the intermediate calculations. Round your final answers to 2 decimal places.)
t | Linear | Exponential |
9 | ||
10 | ||
11 | ||
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