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.) yt = t + Linear ? ? Exponential ? ? (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.) yt = t + Linear ? ? Exponential ? ? (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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