Application of Several Models for the Forecasting of the Container Throughput of the Abidjan Port in Ivory Coast

Abstract

The Abidjan Port in Ivory Coast has the second highest volume of Container Throughput in West Africa and aims to become a hub Port for the region and one of the most developed Port in Africa in the coming years. In this article, several Forecasting Models are applied to accurately forecast the Abidjan Port Container Throughput. These models are the Grey model, the Linear Regression model, the Double Exponential Smoothing model and a Combination Forecast model. After the application of each model, their results have been compared with the mean absolute percentage error. From their results, the Double Exponential Smoothing model has got the smallest error and been found to have the best data available on the research work, becoming at the same time, the best forecasting model for the Abidjan Port Container Throughput. A forecast of the Abidjan Port Container Throughput was finally made for the period covering the year 2015 up to the year 2020.