Use the data from exercise 46 to: Data From exercises 46 Year...................... Month................... Revenue Passenger-Miles 2006.......................... Jan.......................................
Question:
Use the data from exercise 46 to:
Data From exercises 46
Year...................... Month................... Revenue Passenger-Miles
2006.......................... Jan....................................... 43.1652
2006.......................... Feb....................................... 44.0447
⋮.............................................. ⋮............................................................... ⋮
2010 ...........................Sep .....................................43.7704
a. Estimate a linear trend model with seasonal dummies.
b. Estimate an exponential trend model with seasonal dummies.
c. Use the MSE and MAD to compare these models.
d. Use the appropriate model to make monthly forecasts for the last three months of 2010.
Step by Step Answer:
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly