Forecasting Air Travel Demand

9   Conclusions and future research

9.1 Conclusions

Air travel demand forecasting methods are widely investigated in literature. However, the unsatisfactory forecasting performance still exists and leads to poor effectiveness of the business management decisions. Nowadays, the improved computational capabilities are making the adoption of more sophisticated methods possible, and massive amounts of information are becoming available from various data sources, which should be utilized properly to improve the demand forecasting performance. All these factors make this book necessary and meaningful.

In this book, we provide comprehensive research on air travel demand forecasting methods, for various forecasting time horizons ranging from the short ...