Aviation Planning Course Work Questions 1 Through 8

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Florida Institute of Technology

BISK

AVM 3201 – Coursework 2

Using the data provided below, develop a forecast for general aviation (GA) operations using effective buying income as the independent variable. You will need to reference Chapter 4 of the Aviation Planning Textbook for the methodology.

YearGA Operations (Y)Effective Buying Income (X)
Historical
122,513$8,433
223,768$9,207
321,838$10,106
425,904$10,457
526,208$11,055
626,946$11,016
727,977$11,399
827,294$11,883
928,647$12,119
1029,270$12,213

Answer Questions 1 and 2 below.

1. Develop a forecast for the years 15, 20 and 30. What is your regression equation?

2. Complete the table shown below.

YearGA Operations (Y)Effective Buying Income (X)
Forecast
15$13,081
20$14,609
30$20,369

3. What is the coefficient of determination and what does it imply?

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