Assume the following linear trend forecasting model for the number of passengers travelling by air from 1975

Question:

Assume the following linear trend forecasting model for the number of passengers travelling by air from 1975 to 1986:

a. Considering that the data has been collected from 1975 to 1986 , explain how the value of $X$ has been coded to derive the above equation.

b. Construct a table presenting the values of $X$ and $Y$ and plot it on the graph.

c. Predict the number of airline travelers in the year 1987.

Step by Step Answer:

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Public Finance An International Perspective

ISBN: 9789814365048

1st Edition

Authors: Joshua E. Greene

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Question Posted: Apr 17, 2024 01:00 PM

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Assume the following linear trend forecasting model for the number of passengers travelling by air from 1975

Question:

= 8.2 + 73.3X

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Public Finance An International Perspective

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