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Forecasting air passenger travel: A case study of Norwegian aviation industry

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  • Angesh Anupam
  • Isah A. Lawal

Abstract

Accurate forecasting of airline passenger traffic is important for facilitating the effective management and planning of aviation resources. In this study, we explore the air passenger traffic in the Norwegian aviation industry by collecting the passenger flow data and the corresponding measurements of the weather conditions affecting the flow from the different airports in Norway. We then proposed nonlinear autoregressive with exogenous input (NARX) forecasting models to predict air passenger traffic in advance. The NARX models account for the nonlinearity and nonstationarity in the passenger flow and allow the accurate forecasting of air passenger traffic. We perform experiments to demonstrate the effectiveness of two variants of the NARX model and compare their performances against long short‐term memory (LSTM), a deep learning method. We show that the proposed NARX model achieves the best prediction accuracy compared to LSTM, which is considered as a state‐of‐the‐art approach for fitting sequential data.

Suggested Citation

  • Angesh Anupam & Isah A. Lawal, 2024. "Forecasting air passenger travel: A case study of Norwegian aviation industry," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 43(3), pages 661-672, April.
    • Handle: RePEc:wly:jforec:v:43:y:2024:i:3:p:661-672
    DOI: 10.1002/for.3051
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    References listed on IDEAS

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    5. Elena Olmedo, 2016. "Comparison of Near Neighbour and Neural Network in Travel Forecasting," Journal of Forecasting, John Wiley & Sons, Ltd., vol. 35(3), pages 217-223, April.
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    Cited by:

    1. Weifan Gu & Baohua Guo & Zhezhe Zhang & He Lu, 2024. "Civil Aviation Passenger Traffic Forecasting: Application and Comparative Study of the Seasonal Autoregressive Integrated Moving Average Model and Backpropagation Neural Network," Sustainability, MDPI, vol. 16(10), pages 1-17, May.

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