Introduction to Management Science 12th Edition by Bernard Taylor

Exercise 20

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, expressed as TEUs (i.e., 20-foot equivalent units, a standard unit of measure for containers):
a. Develop a linear trend line forecast for these data and forecast the number of TEUs for year 13.
b. How strong is the linear relationship for these data