Which Is the Best Reason for the Increase in Airline

question 5

Multiple Choice

Which is the best reason for the increase in airline intramodal competition since deregulation in 1978?

• A) substitution of smaller aircraft for larger aircraft
• B) U.S. carriers forming alliances with foreign airlines such as United with Air Canada
• C) increased use of discount fares in lieu of full fares
• D) new air carriers entering given markets

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Definitions:

Simple Regression

Simple regression is a statistical method used to examine the relationship between one independent variable and one dependent variable by fitting a linear equation to observed data.

Slope

The measure of the steepness or incline of a line, indicating the rate of change between two variables.

Mean Value

Mean value is the average of a set of numbers, calculated by dividing the sum of all values by the quantity of numbers.

Error Term

A variable in a statistical model that captures the difference between observed and predicted values.