MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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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.)
| 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 | ? | ? |
Expert Solution
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Step 1
Given
| 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 |
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