Question

The Port of Savannah is considering an expansion of its container terminal. The port has experienced the following container throughput during the past 12 years (based on a standard unit of measure that need not concern us here):

Year------ amount
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 --------1021.1
10-------- 1137.1
11 ----------1173.6
12 ----------1233.4




What is the linear trend forecast line? What is your forecast for period 10 based on the linear trend forecast line?

Answer 1