Problem statement
New Zealand is an export-driven competitive economy with exports accounting for about 30% of GDP, one of the primary indicators used to gauge the health of a country 's economy. Auckland Airport handles 85% of air cargo exported from New Zealand, making it a hub for businesses which conduct trade.
These businesses want to know whether New Zealand’s economy is continuing to benefit from these exports. I predict that this is true due to the high OEC ranking of New Zealand, which indicated economic complexity. The question that must then be posed is: What is the long term trend in exports from Auckland Airport? This question is of interest to businesses and consumers alike because international trade affects the price of domestic goods due to changes in supply and demand.
An investigation will be carried out into the export of goods coming from Auckland Airport to investigate and analyse trends and to make a forecast. Further investigation into both imports and exports were also conducted to gauge the economic situation of New Zealand. The data provided is sourced from Statistics New Zealand Infoshare, recorded from 1988 to 2015 and records quarterly gross weight of exports in tonnes.
Plan
Using the data provided, I will use NZ Grapher to plot a time series and a decomposition on Auckland Airport Exports from 1988 to 2015. The data will be interpreted taking into account the raw data, trend, residuals, and seasonal effect. A forecast will be made using the
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Ans: - I Have chosen AIR NEW ZEALAND COMPANY. Air New Zealand Group is the operation of local and worldwide traveller transport and cargo. The history of Air New Zealand, the national transporter of New Zealand, started when the amalgamated East Coast Airways and Cook Strait Airways started operations in January 1936 as Union Airways of the nation 's first significant aerial shuttle. The New Zealand Government purchased full responsibility for in 1961 and the air transport was renamed Air New Zealand in 1965. New Zealand 's local aerial shuttle, National Airways Corporation was converged with Air New Zealand in 1978. The air transport was built up as TEAL on 26 April 1940. Its first flight was on 30 April 1940, with Short Empire flying pontoon ZK-AMA turning over ten travellers from Auckland to Sydney. It took around 7 hours 30 minutes to venture to every part of the 1345 miles. In June 2004, the expansion of 12 Boeing flying machine to the armada and arrangements to change the long term flying knowledge air New Zealand re announced. The Boeing arrangement saw Air New Zealand obtaining eight new Boeing 777-200ER and four Boeing 7E7 air ship, and additionally rights to procure a further 46 whole deal airplane. The airplane started touching base in October 2005 and has permitted Air New Zealand to grow new courses, expand recurrence on existing courses and increase both traveller and payload limit.
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