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- Simple Trend Analysis <br /> <br />In this analysis, historical data on based aircraft (from 1951 through 1984) <br />were used and the average annual growth rate was estimated. The number of <br />based aircraft during the forecast period (1983-2010) was assumed to grow at <br />the average annual growth rate and projections were made. <br /> <br />The results indicated that there will be approximately 3175 aircraft in the <br />region by 20!0, The average annual growth rate was 1.01%. <br /> <br />- Continuation of Current Aircraft Ownership Levels <br /> <br />In this method, the total number of aircraft per every 10,000 people in each <br />community was estimated and this figure was used in projecting the number of <br />aircraft for the community based on. its projected population in 2010. <br /> <br />However, the results indicated an increase of 47% in total number <br />of aircraft for the whole region, to a total of 3750. This forecast does not <br />relate well to the trends considered, and was considered to be inaccurate. <br /> <br />- Multiple Regression Analysis <br /> <br />In this analysis, the number of aircraft owned by each community is related to <br />its socio-economic and demographic characteristics. The 1983 Aircraft <br />Registration file was sorted and aircraft were allocated to communities based <br />on their owner's address, in 160 communities in the region. The socio-economic <br />and demographic information for these communities were collected from the <br />Council records for the years 1980 and 2010. <br /> <br />The first step in the model building process was to correlate each of the socl <br />economic variable (ex: population, employment, household in upper and higher <br />income quartile,.etc.) to the number of aircraft owned by the community and <br />choose the variables which had the highest correlation. The analysis showed <br />that total population, households in upper and higher income quartiles, <br />employment related to transportation, utilities, communication, business and <br />financial services had very high correlation. <br /> <br />A regression model using a standard statistical computer package was <br />developed. Two models were developed - one for single engine aircraft and <br />another for turbo props/jets. Since 160 data points were used in building the <br />model, most of the variation in aircraft ownership levels were captured by the <br />model. <br /> <br />The model estimates that 3217 aircraft will be based in the region by t~e year <br />2010. Since model most accurately reflects the changing role of business <br />aviation, and because the results were only about t percent different than <br />those estimated by the trend analysis, the regression equation was adopted as <br />the most likely forecast. <br /> <br />Table 1 shows the results of that model. <br /> <br /> <br />