The Port of Charleston is considering an expansion of their container terminal. The port has experienced the
Question:
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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Related Book For 
Operations Management Creating Value Along the Supply Chain
ISBN: 978-0470525906
7th Edition
Authors: Roberta S. Russell, Bernard W. Taylor
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