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Linear and exponential trend models

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Reference no: EM132849023

JetBlue Airlines Revenue, 2008-2015 (millions)

Year Revenue  Year Revenue

2008 3,388  2012 4,982

2009 3,286  2013 5,441

2010 3,779  2014 5,817

2011 4,504  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 ______ __________

Reference no: EM132849023

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