AIRLINE PASSENGER-FORECASTING

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hmpch
Posts: 5
Joined: Tue Aug 01, 2017 3:50 pm

AIRLINE PASSENGER-FORECASTING

Postby hmpch » Tue Aug 01, 2017 4:03 pm

Hello,

i was wondering if someone here could help me. I'm about to forecast future development of passengers on a flight.

I have passenger data from earlier year 2000-2016 and im about to forecast the passengers numbers in the next years (about 5 years)

What is the best way to do that..

hope u can help me !!!!!!!!

startz
Non-normality and collinearity are NOT problems!
Posts: 3175
Joined: Wed Sep 17, 2008 2:25 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby startz » Tue Aug 01, 2017 4:11 pm

It would help if you could give us a little more context about the homework assignment.

hmpch
Posts: 5
Joined: Tue Aug 01, 2017 3:50 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby hmpch » Tue Aug 01, 2017 4:35 pm

Thank you very much for your answer. I need to make a forecasting of passenger between 2000-2016 to allocate a right aircraft for my thesis in airline finance. Thanks!

startz
Non-normality and collinearity are NOT problems!
Posts: 3175
Joined: Wed Sep 17, 2008 2:25 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby startz » Tue Aug 01, 2017 4:41 pm

And do you have just 16 numbers on the number of passengers?

But why not just google "airplane passenger projections?"

hmpch
Posts: 5
Joined: Tue Aug 01, 2017 3:50 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby hmpch » Tue Aug 01, 2017 5:01 pm

I have all the passenger transport in thus years each flight. I ve looked foward in google but nothing appear, Thanks!.

startz
Non-normality and collinearity are NOT problems!
Posts: 3175
Joined: Wed Sep 17, 2008 2:25 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby startz » Tue Aug 01, 2017 5:07 pm


hmpch
Posts: 5
Joined: Tue Aug 01, 2017 3:50 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby hmpch » Tue Aug 01, 2017 5:12 pm

thanks! but this dont explain how to calculated in eviews, that ´s why i m asked and request help. Thanks!

startz
Non-normality and collinearity are NOT problems!
Posts: 3175
Joined: Wed Sep 17, 2008 2:25 pm

Re: AIRLINE PASSENGER-FORECASTING

Postby startz » Tue Aug 01, 2017 5:19 pm

Basically, you have to decide what the equation is that explains the number of passengers. Then you create an equation in EViews and estimate it. Then you push the forecast button.

The EViews website has a tutorial on forecasting and EViews Illustrated includes a chapter on the subject. You might want to start with those.


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