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Please answer the following questions based on the given graph YEAR Year Number Domestic 1997 1 3210113 1998 2 3294244 1999 3 3150826 2000 4 3244421 2001 5 3358399 2002 6 3289148 2003 7 3326111 2004 8 3423024 2005 9 3772952 2006 10 4349081 2007 11 4937099 2008 12 5106860 2009 13 4704189 (1) Create a Time Series (Trend)Model  for  passengers on...

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Statistics

Please answer the following questions based on the givengraph

YEARYear NumberDomestic
199713210113
199823294244
199933150826
200043244421
200153358399
200263289148
200373326111
200483423024
200593772952
2006104349081
2007114937099
2008125106860
2009134704189

(1) Create a Time Series(Trend)Model  for  passengers on Domesticflights. (To zero decimal places) The predicted amount ofpassengers for 2010 on Domestic flights is ________.

(2) Create a Time Series(Trend)Model  for  passengers on Domesticflights. (To zero decimal places) On average, the number ofpassengers of domestic flights increase by ________each year,keeping all else equal.

(3)Create a GrowthModel  for  passengers onDomestic flights. (To zero decimal places) The predicted amount ofpassengers for 2010 on Domestic flights is ________.

(4)Create a Growth Model  for passengers on Domesticflights. (To two decimal places) On average, the number ofpassengers of domestic flights increase by ________percent eachyear, keeping all else equal.

(5) Based on R-squared which model is better for predictingpassengers of domestic flights?
Time Series (Trend) Model
Growth Model

Answer & Explanation Solved by verified expert
3.7 Ratings (391 Votes)
For part 1 the predicted amount of passengers for 2010 onDomestic flights is 4914712 passengers using the Trend functionTRENDB2B14A2A14A15A17 in Excel 2007For part 2 since it is a linear curve the diffence in thetrend will give    See Answer
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