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Forecast Laredo International Airport airline enplanements using the data in the in class example. Using...

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Accounting

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?

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