The Port of Charleston is considering an expansion of theircontainer terminal. The port has experienced the followingcontainer throughput during the past 12 years, expressed as TEUs (i.e., 20 feet equivalent units, a standard unit of mea-sure for containers). % %Year Applicants Offers Offers Acceptances Acceptances1 13,876 11,200 80.7 4112 36.72 14,993 11,622 77.8 4354 37.33 14,842 11,579 78.0 4755 41.14 16,285 13,207 81.1 5068 38.05 16,922 11,382 73.2 4532 39.86 16,109 11,937 74.1 4655 39.07 15,883 11,616 73.1 4659 40.18 18,407 11,539 62.7 4620 40.09 18,838 13,138 69.7 5054 38.510 17,756 11,952 67.3 4822 40.3 Year TEUs (1,000s)1 526.12 549.43 606.04 627.05 695.76 734.97 761.18 845.49 1,021.110 1,137.111 1,173.612 1,233.4 Develop a linear trend line forecast for these data andforecast the number of TEUs for the next year.b. How strong is the linear relationship for these data?
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 mea-
sure for containers).
% %
Year Applicants Offers Offers Acceptances Acceptances
1 13,876 11,200 80.7 4112 36.7
2 14,993 11,622 77.8 4354 37.3
3 14,842 11,579 78.0 4755 41.1
4 16,285 13,207 81.1 5068 38.0
5 16,922 11,382 73.2 4532 39.8
6 16,109 11,937 74.1 4655 39.0
7 15,883 11,616 73.1 4659 40.1
8 18,407 11,539 62.7 4620 40.0
9 18,838 13,138 69.7 5054 38.5
10 17,756 11,952 67.3 4822 40.3
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
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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