Question: FLORIDA TECH Coursework 2 1 Using the data provided below, develop a forecast for general aviation (GA) operations using effective buying income as the independent

FLORIDA TECH Coursework 2 1 Using the data provided below, develop a forecast for general aviation (GA) operations using effective buying income as the independent variable. You will need to reference Chapter 4 of the Aviation Planning Textbook for the methodology. Year GA Operations (Y) Effective Buying Income (X) Historical 22,513 $8,433 2 23,768 $9,207 21,838 $10,106 25,904 $10,457 5 26,208 $11,055 26,946 $11,016 27,977 $11,399 8 27.294 $11,883 9 28,647 $12,119 10 29,270 $12,213 3 6 7 Answer Questions 1 and 2 below. 1. Develop a forecast for the years 15, 20 and 30. What is your regression equation? Effective Buying Income (X) 2. Complete the table shown below. Year GA Operations () Forecast 15 20 30 $13,081 $14,609 $20,369 3. What is the coefficient of determination and what does it imply? FLORIDA TECH Coursework 2 1 Using the data provided below, develop a forecast for general aviation (GA) operations using effective buying income as the independent variable. You will need to reference Chapter 4 of the Aviation Planning Textbook for the methodology. Year GA Operations (Y) Effective Buying Income (X) Historical 22,513 $8,433 2 23,768 $9,207 21,838 $10,106 25,904 $10,457 5 26,208 $11,055 26,946 $11,016 27,977 $11,399 8 27.294 $11,883 9 28,647 $12,119 10 29,270 $12,213 3 6 7 Answer Questions 1 and 2 below. 1. Develop a forecast for the years 15, 20 and 30. What is your regression equation? Effective Buying Income (X) 2. Complete the table shown below. Year GA Operations () Forecast 15 20 30 $13,081 $14,609 $20,369 3. What is the coefficient of determination and what does it imply

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