=+41. Oakland passengers. The Port of Oakland airport reports the number of passengers passing through each month.

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=+41. Oakland passengers. The Port of Oakland airport reports the number of passengers passing through each month. At first glance, this is just simple growth, but by recognizing the series as a time series, we may learn more.

The following plot was created in Excel 2013.

The increasing spread of the data suggests that a multiplicative model may fit better.

Here’s an exponential trend model with seasonal (monthly)

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Related Book For  book-img-for-question

Business Statistics Plus Pearson Mylab Statistics With Pearson Etext

ISBN: 978-1292243726

3rd Edition

Authors: Norean R Sharpe ,Richard D De Veaux ,Paul Velleman

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