Air passenger demand forecasting for planned airports, case study : Zafer and Or-gi airports in Turkey

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2011
Yazıcı, Rıza Onur
The economic evaluation of a new airport investment requires the use of estimated future air passenger demand.Today it is well known that air passenger demand is basicly dependent on various socioeconomic factors of the country and the region where the planned airport would serve. This study is focused on estimating the future air passenger demand for planned airports in Turkey where the historical air passsenger data is not available.For these purposses, neural networks and multi-linear regression were used to develop forecasting models. As independent variables,twelve socioeconomic parameters are found to be significant and used in models. The available data for the selected indicators are statistically analysed and it is observed that most of the data is highly volatile, heteroscedastic and show no definite patterns. In order to develop more reliable models, various methods like data transformation, outlier elimination and categorization are applied to the data.Only seven of total twelve indicators are used as the most significant in the regression model whereas in neural network approach the best model is achieved when all the twelve indicators are included. Both models can be used to predict air passenger demand for any future year for Or-Gi and Zafer Airports and future air passenger demand for similar airports. Regression and neural models are tested by using various statistical test methods and it is found that neural network model is superior to regression model for the data used in this study.
Citation Formats
R. O. Yazıcı, “Air passenger demand forecasting for planned airports, case study : Zafer and Or-gi airports in Turkey,” M.S. - Master of Science, Middle East Technical University, 2011.