Ted Stevens International Airport

ABSTRACT\nThis observational seek observes the factors that open to the involution or contraction in the sizing of Ted Stevens supranational Airport, located in Anchorage, Alaska. The purpose of this empirical is to observe the leading contributing factors that regard the airports size. Changes in the size of the airport ar regressed everyplace data compiled on categories such as passengers, local anaesthetic measures of income and population, and Consumer Price Index. All learning contributed to the regression are interpreted from quarterly reports submitted from the year 1993 with 2009.\n\nBackground Information\nTed Stevens International Airport, named after the late motive US senator Ted Stevens, is located in Anchorage, Alaska, which is the largest city of the state. While thither are many new(prenominal) smaller airport use for private air shipping within the state, Ted Stevens is one of moreover two airports that flies commercially between Alaska and the rest of the Continental United States (Hawaii is also included) and is the that Airport that makes frequent flights internationally. in that respect are two straighten out terminals within the airports physical location that bequeath service to 15 specialize air carriers. The Anchorage hub moves over 5 million passengers separately year and is also the fifth busiest airport in the area for cargo transportation. In this empirical essay, we regress the different factors that contribute to the expansion of Ted Stevens because many competing airlines, or sometimes even start-up airlines, wishing to know statistical predictions of how the airport is expanding and what areas are contributing to the expansion or contraction. This information is needed by the airlines so they plunder assess if it is worth go the distance to Alaska. If the number of passengers connecting done Anchorage is decreasing over time, then some airlines competency decide to not transmigrate their contract. Regardless of if the airport is catching or expanding, Ted Steve...