The graph below shows the number of passengers travelling on major Canadian airlines month by month from

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The graph below shows the number of passengers travelling on major Canadian airlines month by month from November 2010 to September 2015. Time is shown as months since October 2010.

6,000,000 T 5,000,000 Л 4,000,000 3,000,000 2,000,000 1,000,000 11 16 21 26 31 36 41 46 51 56 Months Since October 2010

a) Perform a linear regression analysis of this data.

b) Interpret the slope, its P-value, and the R².

c) Plot the residuals, calculate the Durbin-Watson statistic, and comment on what these imply for the regression model.

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Business Statistics

ISBN: 9780133899122

3rd Canadian Edition

Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright

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The graph below shows the number of passengers travelling on major Canadian airlines month by month from

Question:

6,000,000 T 5,000,000 Л 4,000,000 3,000,000 2,000,000 1,000,000 11 16 21 26 31 36 41 46 51 56 Months Since October 2010 Airline Passen ge rs

Step by Step Answer:

a Coefficients Standard Error t Stat Pvalue Intercept 1723720116 3504775425 4918204 778E06 ...View the full answer

Business Statistics

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