(Solution Download) The Port of Charleston is considering an expansion of their


The Port of Charleston is considering an expansion of their container terminal. The port has experienced the following container throughput during the past 12 years, expressed as
TEUs (i.e., 20 feet equivalent units, a standard unit of measure for containers)
Year TEUs (1,000s)
1 ..............526.1
2 ..............549.4
3 ..............606.0
4 ..............627.0
5 ..............695.7
6 ..............734.9
7 .................761.1
8 ..............845.4
9 ..............1,021.1
10 ............1, 137.1
11 ............1, 173.6
12 ............1, 233.4
a. Develop a linear trend line forecast for these data and forecast the number of TEUs for the next year.
b. How strong is the linear relationship for these data?

 







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