Table 5. Results of estimated coefficients (Model 3) Coefficientsa Unstandardize
ID: 3366868 • Letter: T
Question
Table 5. Results of estimated coefficients (Model 3) Coefficientsa Unstandardized Coefficients Std. Error (Constant) Trend Q1 1146.259 3.574 4.356 17.659 23.834 152 4.353 1731.405 4.046 4.614 4.613 Q3 Price Pop 5.825 a. Dependent Variable: Pas:S 15. Using the Model in Question 14, you added the averagee airfare (Price: $ per ticket) and US population (Pop: mil population) variables. You also obtained the predicted average airfare per ticket ($1,000) and US population (300 mil.) for the 1st quarter of 2015 from a consulting firm. You collected data from Quarter 1 of 2006 to Quarter 4 of 2014 (36 observations) and obtained the coefficient results (Table 5). Forecast air passenger-miles for the 1st quarter of 2015.*Explanation / Answer
for Quarter 1 , Q1 = 1 , Q2 =0 , Q3 =0
price = 1000
pop = 300
trend = 37 {36+1}
y^ = constant + -3.574*trend -4.356Q1+0.152*price+4.353*pop
y^= -1146.259 -3.574*37-4.356+0.152*1000+4.353*300
= 175.047
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.