The Port of Savannah is considering an expansion of its container terminal. The port has experienced the
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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?
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a To develop a linear trend line forecast for the container throughput data we need to fit a straigh...View the full answer
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