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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  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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