Aviation Planning course work questions 1 through 8
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AVM3201Coursework13.docx
Florida Institute of Technology
BISK
Forecast Laredo International Airport (LRD) airline enplanements assuming a 5-year and10-year average market share of Southwest Region Enplanements using the data in the shown below. You will need to reference Chapter 4 of the Aviation Planning Textbook for the methodology.
|
Year |
LRD Airline Enplanements |
Southwest Region Enplanements |
|
Historical |
||
|
1 |
80,593 |
63,396,932 |
|
2 |
92,110 |
64,296,680 |
|
3 |
97,998 |
67,434,877 |
|
4 |
64,198 |
70,689,841 |
|
5 |
57,996 |
72,061,761 |
|
6 |
61,728 |
74,341,596 |
|
7 |
79,714 |
75,957,918 |
|
8 |
88,969 |
77,056,344 |
|
9 |
90,647 |
79,833,666 |
|
10 |
82,400 |
80,184,741 |
|
Forecast |
||
|
15 |
|
93,167,307 |
|
20 |
|
110,022,766 |
|
30 |
|
143,846,242 |
Answer Questions 1 through 4 below.
1. Develop a forecast for Year 15, 20 and 30 using a 5-year average market share and complete the blank table below.
|
Year |
LRD Total Airline Enplanements |
Southwest Region Enplanements |
Market Share |
|
Five Year Average |
|
||
|
15 |
|
|
|
|
20 |
|
|
|
|
30 |
|
|
|
2. Develop a forecast for Year 15, 20 and 30 using a 10-year average market share and complete the blank table below.
|
Year |
LRD Total Airline Enplanements |
Southwest Region Enplanements |
Market Share |
|
Ten Year Average |
|
||
|
2020 |
|
|
|
|
2025 |
|
|
|
|
2035 |
|
|
|
3. How does 10-year average market share forecast differ from that using the 5-year average market share?
4. Which of these two forecasts would you select and why?
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