Revenue passenger-miles are calculated by multiplying the number of paying passengers by the… 1 answer below »


Revenue passenger-miles are calculated by multiplying the number of paying passengers by the distance flown in thousands. The accompanying table shows monthly data on revenue passenger miles (in millions) from January 2006 through September 2010. Estimate an exponential trend model with seasonal dummies.

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Sheet3
Sheet2
Sheet1
Year

Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Revenue Passenger-Miles
2006.00
37.48
56.24
44.95
55.37
45.09
52.04
49.90
38.60
35.16
43.89
50.44
56.89
2007.00
37.74
48.48
58.36
35.24
49.45
56.38
52.52
38.58
46.64
53.83
52.41
39.05
2008.00
42.79
50.33
55.34
43.50
56.76
57.58
50.24
56.55
57.59
38.40
57.51
44.96
2009.00
44.32
58.61
47.46
38.93
55.27
53.57
45.56
47.47
41.50
55.63
56.39
58.85
2010.00
56.28
43.58
56.42
49.98
51.10
35.92
35.16
57.07
49.18
Sheet3
Sheet2
Sheet1
Year

Month
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Revenue Passenger-Miles
2006.00
37.48
56.24
44.95
55.37
45.09
52.04
49.90
38.60
35.16
43.89
50.44
56.89
2007.00
37.74
48.48
58.36
35.24
49.45
56.38
52.52
38.58
46.64
53.83
52.41
39.05
2008.00
42.79
50.33
55.34
43.50
56.76
57.58
50.24
56.55
57.59
38.40
57.51
44.96
2009.00
44.32
58.61
47.46
38.93
55.27
53.57
45.56
47.47
41.50
55.63
56.39
58.85
2010.00
56.28
43.58
56.42
49.98
51.10
35.92
35.16
57.07
49.18

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