Forecasting short-term air passenger demand using big data from search engine queries

Kết quả hình ảnh cho air passenger demand using big data from search engine images

Forecasting air passenger demand is a critical aspect of formulating appropriate operation plans in airport operation. Airport operation not only requires long-term demand forecasting to establish long-term plans, but also short-term demand forecasting for more immediate concerns. Most airports forecast their short-term passenger demand based on experience, which provides limited forecasting accuracy, depending on the level of expertise. For accurate short-term forecasting independent of the level of expertise, it is necessary to create reliable short-term forecasting models and to reflect short-term fluctuations in air passenger demand. This study aims to develop a forecasting model of short-term air passenger demand using big data from search queries to identify these short-term fluctuations. The suggested forecasting model presents an average forecast error of 5.3% and indicates that an increase of approximately 195,000 air passengers is to be expected 8 months later, as the key query frequencies increase by 0.1%.

Pham Thi Thu Thuy selected and summarized from the source  https://db.vista.gov.vn:2095/science/article/pii/S0926580516301303