Forecast Laredo International Airport airline enplanements using the data in the in class example. Using...
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Forecast Laredo International Airport airline enplanements using the data in the in class example. Using a 10-year average market share, develop projections for the years 2005, 2010, 2015 and 2020. Show your answers in a table.
Year
Total Airline Enplanements
Southwest Region Enplanements
Market Share (%)
1990
59,279
60,925,903
0.0973%
1991
65,651
60,467,718
0.1086%
1992
80,593
63,396,932
0.1271%
1993
92,110
64,296,680
0.1433%
1994
97,998
67,434,877
0.1453%
1995
64,198
70,689,841
0.0908%
1996
57,996
72,061,761
0.0805%
1997
61,728
74,341,596
0.0830%
1998
79,714
75,957,918
0.1049%
1999
88,969
77,056,344
0.1155%
2000
90,647
79,833,666
0.1135%
2001
82,400
80,184,741
0.1028%
Ten Year Average
???
2005
???
93,167,307
???
2010
???
110,022,766
???
2015
???
126,843,590
???
2020
???
143,846,242
???
2025
???
160,775,532
???
2. How does this forecast differ from that using the 5-year average?
3. Which forecast would you select and why?
Answer & Explanation
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