Asuss Airline would like to forecast the number of passengers who will fly from Singapore to Shanghai in 2018. The data is given in Table 3-1. The consultant first developed a time series regression model, using time as the independent variable and the number of passengers as the dependent variable to fit the data. The fitted line is shown in Figure 3-1, and the autocorrelation function for the residuals obtained from the regression model is shown in Figure 3-2. Table 3-1: Number of passengers flying from Singapore to Shanghai Number of passengers (1,000) Number of passengers (1,000) Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Passengers 160 100 22.8 26.1 29.4 34.5 37.6 40.3 39.5 46.3 45.8 48.0 54.6 61.9 Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 15 Figure 3-1: Fitted line plot Ha 79.9 96.3 109.0 116.0 117.2 124.9 136.6 144.8 147.9 150.1 151.9
Asuss Airline would like to forecast the number of passengers who will fly from Singapore to Shanghai in 2018. The data is given in Table 3-1. The consultant first developed a time series regression model, using time as the independent variable and the number of passengers as the dependent variable to fit the data. The fitted line is shown in Figure 3-1, and the autocorrelation function for the residuals obtained from the regression model is shown in Figure 3-2. Table 3-1: Number of passengers flying from Singapore to Shanghai Number of passengers (1,000) Number of passengers (1,000) Year 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Passengers 160 100 22.8 26.1 29.4 34.5 37.6 40.3 39.5 46.3 45.8 48.0 54.6 61.9 Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 15 Figure 3-1: Fitted line plot Ha 79.9 96.3 109.0 116.0 117.2 124.9 136.6 144.8 147.9 150.1 151.9
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Write down the regression model with the unknown coefficients.
![Question 3
Asuss Airline would like to forecast the number of passengers who will fly from
Singapore to Shanghai in 2018. The data is given in Table 3-1. The consultant first
developed a time series regression model, using time as the independent variable and the
number of passengers as the dependent variable to fit the data. The fitted line is shown
in Figure 3-1, and the autocorrelation function for the residuals obtained from the
regression model is shown in Figure 3-2.
Table 3-1: Number of passengers flying from Singapore to Shanghai
Number of
Number of
Year
passengers (1,000s)
Year
passengers (1,000s)
1993
22.8
2006
69.9
79.9
26.1
29.4
34.5
1994
2007
1995
2008
96.3
1996
2009
109.0
1997
37.6
2010
116.0
1998
40.3
2011
117.2
1999
39.5
2012
1249
2000
45.4
2013
136.6
2001
46.3
2014
144.8
2002
45.8
2015
147.9
2003
48.0
2016
150.1
2004
54.6
2017
1519
2005
61.9
160
140
120
100
20
10
15
20
Time
Figure 3-1: Fitted line plot
sabuassed](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9aba9d0e-2402-4f8f-907e-45ea34573fa6%2F8ad094d3-1890-49ad-9cae-9d3d6af0d5c1%2F3u5504o_processed.png&w=3840&q=75)
Transcribed Image Text:Question 3
Asuss Airline would like to forecast the number of passengers who will fly from
Singapore to Shanghai in 2018. The data is given in Table 3-1. The consultant first
developed a time series regression model, using time as the independent variable and the
number of passengers as the dependent variable to fit the data. The fitted line is shown
in Figure 3-1, and the autocorrelation function for the residuals obtained from the
regression model is shown in Figure 3-2.
Table 3-1: Number of passengers flying from Singapore to Shanghai
Number of
Number of
Year
passengers (1,000s)
Year
passengers (1,000s)
1993
22.8
2006
69.9
79.9
26.1
29.4
34.5
1994
2007
1995
2008
96.3
1996
2009
109.0
1997
37.6
2010
116.0
1998
40.3
2011
117.2
1999
39.5
2012
1249
2000
45.4
2013
136.6
2001
46.3
2014
144.8
2002
45.8
2015
147.9
2003
48.0
2016
150.1
2004
54.6
2017
1519
2005
61.9
160
140
120
100
20
10
15
20
Time
Figure 3-1: Fitted line plot
sabuassed
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 6 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![MATLAB: An Introduction with Applications](https://www.bartleby.com/isbn_cover_images/9781119256830/9781119256830_smallCoverImage.gif)
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
![Probability and Statistics for Engineering and th…](https://www.bartleby.com/isbn_cover_images/9781305251809/9781305251809_smallCoverImage.gif)
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
![Statistics for The Behavioral Sciences (MindTap C…](https://www.bartleby.com/isbn_cover_images/9781305504912/9781305504912_smallCoverImage.gif)
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
![Elementary Statistics: Picturing the World (7th E…](https://www.bartleby.com/isbn_cover_images/9780134683416/9780134683416_smallCoverImage.gif)
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
![The Basic Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319042578/9781319042578_smallCoverImage.gif)
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
![Introduction to the Practice of Statistics](https://www.bartleby.com/isbn_cover_images/9781319013387/9781319013387_smallCoverImage.gif)
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman