Bootstrap estimation intervals using bias corrected accelerated method to forecast air passenger demand

Rafael Bernardo Carmona-Benítez, María Rosa Nieto-Delfín

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

The aim of this paper is to propose an approach for forecasting passenger (pax) demand between airports based on the median pax demand and distance. The approach is based on three phases. First, the implement of bootstrap procedures to estimate the distribution of the mean pax demand and the median pax demand for each block of routes distance; second, the estimate pax demand by calculating boostrap confidence intervals for the mean pax demand and the median pax demand using bias corrected accelerated method (BCa); and third, by carrying out Monte Carlo experiments to analyse the finite sample performance of the proposed bootstrap procedure. The results indicate that in the air transport industry it is important to estimate the median of the pax demand.

Original languageEnglish
Title of host publicationComputational Logistics - 6th International Conference, ICCL 2015, Proceedings
EditorsStefan Voß, Rudy R. Negenborn, Francesco Corman, Rudy R. Negenborn, Rudy R. Negenborn
PublisherSpringer Verlag
Pages315-327
Number of pages13
ISBN (Print)9783319242637
DOIs
StatePublished - 1 Jan 2015
Event6th International Conference on Computational Logistics, ICCL 2015 - Delft, Netherlands
Duration: 23 Sep 201525 Sep 2015

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume9335
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference6th International Conference on Computational Logistics, ICCL 2015
Country/TerritoryNetherlands
CityDelft
Period23/09/1525/09/15

Keywords

  • Air passenger demand
  • Bias corrected accelerated method
  • Bootstrap
  • Forecast
  • Monte carlo simulation

Fingerprint

Dive into the research topics of 'Bootstrap estimation intervals using bias corrected accelerated method to forecast air passenger demand'. Together they form a unique fingerprint.

Cite this