Jet Fuel Price given Yield Solution

STEP 0: Pre-Calculation Summary
Formula Used
Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1
JF = (Y-a0-(W*a2)-(ATM*a3))/a1
This formula uses 8 Variables
Variables Used
Jet Fuel Price - Jet Fuel Price for airline aircraft utilization means the price of the respective fuel as calculated pursuant sections.
Yield of Aircraft - Yield of Aircraft expressed as revenue per passenger mile per kilometer.
Regression Coefficient a - Regression Coefficient a of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.
Airline Industry Wages - Airline Industry Wages for airline aircraft utilization are wages paid for all occupations within an industry.
Regression Coefficient a2 - Regression Coefficient a2 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.
Air Transport Movement per Aircraft - Air Transport Movement per Aircraft, An air transport movement is a landing or take-off of an aircraft operating a scheduled or non-scheduled service.
Regression Coefficient a3 - Regression Coefficient a3 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.
Regression Coefficient a1 - Regression Coefficient a1 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.
STEP 1: Convert Input(s) to Base Unit
Yield of Aircraft: 45010 --> No Conversion Required
Regression Coefficient a: 10.5 --> No Conversion Required
Airline Industry Wages: 5000 --> No Conversion Required
Regression Coefficient a2: 8 --> No Conversion Required
Air Transport Movement per Aircraft: 100 --> No Conversion Required
Regression Coefficient a3: 10 --> No Conversion Required
Regression Coefficient a1: 4 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
JF = (Y-a0-(W*a2)-(ATM*a3))/a1 --> (45010-10.5-(5000*8)-(100*10))/4
Evaluating ... ...
JF = 999.875
STEP 3: Convert Result to Output's Unit
999.875 --> No Conversion Required
FINAL ANSWER
999.875 <-- Jet Fuel Price
(Calculation completed in 00.004 seconds)

Credits

Created by Mithila Muthamma PA
Coorg Institute of Technology (CIT), Coorg
Mithila Muthamma PA has created this Calculator and 2000+ more calculators!
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National Institute of Technology Karnataka (NITK), Surathkal
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Regression Model Formulation for Yield
Go Yield of Aircraft = Regression Coefficient a+(Jet Fuel Price*Regression Coefficient a1)+(Airline Industry Wages*Regression Coefficient a2)+(Air Transport Movement per Aircraft*Regression Coefficient a3)
Air Transport Movement per Aircraft
Go Air Transport Movement per Aircraft = (Yield of Aircraft-Regression Coefficient a-(Jet Fuel Price*Regression Coefficient a1)-(Airline Industry Wages*Regression Coefficient a2))/Regression Coefficient a3
Jet Fuel Price given Yield
Go Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1
Airline Industry Wages
Go Airline Industry Wages = (Yield of Aircraft-Regression Coefficient a-(Jet Fuel Price*Regression Coefficient a1)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a2
Real Yield given Revenue Passenger Miles
Go Yield of Aircraft = (Revenue Passenger Miles-Regression Coefficient b-(Real Gross National Product*Regression Coefficient d))/Regression Coefficient
Real Gross National Product
Go Real Gross National Product = (Revenue Passenger Miles-Regression Coefficient b-(Yield of Aircraft*Regression Coefficient))/Regression Coefficient d
Revenue Passenger Miles
Go Revenue Passenger Miles = Regression Coefficient b+(Real Gross National Product*Regression Coefficient d)+(Yield of Aircraft*Regression Coefficient)
Passenger Enplanements
Go Domestic Passenger Enplanement = Revenue Passenger Miles/(Average Trip Length)
Revenue Passenger Miles given Passenger Enplanements
Go Revenue Passenger Miles = Domestic Passenger Enplanement*Average Trip Length
Average Trip Length given Passenger Enplanements
Go Average Trip Length = Revenue Passenger Miles/Domestic Passenger Enplanement

Jet Fuel Price given Yield Formula

Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1
JF = (Y-a0-(W*a2)-(ATM*a3))/a1

What is Revenue Passenger Mile (RPM)?

A Revenue Passenger Mile (RPM) is a transportation industry metric that shows the number of miles traveled by paying passengers and is typically an airline traffic statistic. Revenue passenger miles are calculated by multiplying the number of paying passengers by the distance traveled.

How to Calculate Jet Fuel Price given Yield?

Jet Fuel Price given Yield calculator uses Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1 to calculate the Jet Fuel Price, Jet Fuel Price given Yield is defined as airline's biggest single cost. fuel costs up to six times $1,000 (620) tonne for jet fuel. Jet Fuel Price is denoted by JF symbol.

How to calculate Jet Fuel Price given Yield using this online calculator? To use this online calculator for Jet Fuel Price given Yield, enter Yield of Aircraft (Y), Regression Coefficient a (a0), Airline Industry Wages (W), Regression Coefficient a2 (a2), Air Transport Movement per Aircraft (ATM), Regression Coefficient a3 (a3) & Regression Coefficient a1 (a1) and hit the calculate button. Here is how the Jet Fuel Price given Yield calculation can be explained with given input values -> 999.875 = (45010-10.5-(5000*8)-(100*10))/4.

FAQ

What is Jet Fuel Price given Yield?
Jet Fuel Price given Yield is defined as airline's biggest single cost. fuel costs up to six times $1,000 (620) tonne for jet fuel and is represented as JF = (Y-a0-(W*a2)-(ATM*a3))/a1 or Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1. Yield of Aircraft expressed as revenue per passenger mile per kilometer, Regression Coefficient a of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response, Airline Industry Wages for airline aircraft utilization are wages paid for all occupations within an industry, Regression Coefficient a2 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response, Air Transport Movement per Aircraft, An air transport movement is a landing or take-off of an aircraft operating a scheduled or non-scheduled service, Regression Coefficient a3 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response & Regression Coefficient a1 of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.
How to calculate Jet Fuel Price given Yield?
Jet Fuel Price given Yield is defined as airline's biggest single cost. fuel costs up to six times $1,000 (620) tonne for jet fuel is calculated using Jet Fuel Price = (Yield of Aircraft-Regression Coefficient a-(Airline Industry Wages*Regression Coefficient a2)-(Air Transport Movement per Aircraft*Regression Coefficient a3))/Regression Coefficient a1. To calculate Jet Fuel Price given Yield, you need Yield of Aircraft (Y), Regression Coefficient a (a0), Airline Industry Wages (W), Regression Coefficient a2 (a2), Air Transport Movement per Aircraft (ATM), Regression Coefficient a3 (a3) & Regression Coefficient a1 (a1). With our tool, you need to enter the respective value for Yield of Aircraft, Regression Coefficient a, Airline Industry Wages, Regression Coefficient a2, Air Transport Movement per Aircraft, Regression Coefficient a3 & Regression Coefficient a1 and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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