 Comparison of bootstrap estimation intervals to forecast arithmetic mean and median air passenger demandRafael Carmona-Benítez and María Rosa Nieto Journal of Applied Statistics, 2017, vol. 44, issue 7, 1211-1224 Abstract: The aim of this paper is to compare passenger (pax) demand between airports based on the arithmetic mean (MPD) and the median pax demand (MePD). A three phases approach is applied. First phase, we use bootstrap procedures to estimate the distribution of the arithmetic MPD and the MePD for each block of routes distance; second phase, we use percentile, standard, bias corrected, and bias corrected accelerated methods to calculate bootstrap confidence bands for the MPD and the MePD; and third phase, we implement Monte Carlo (MC) experiments to analyse the finite sample performance of the applied bootstrap. Our results conclude that it is more meaningful to use the estimation of MePD rather than the estimation of MPD in the air transport industry. By carrying out MC experiments, we demonstrate that the bootstrap methods produce coverages close to the nominal for the MPD and the MePD. Date: 2017 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:japsta:v:44:y:2017:i:7:p:1211-1224 Ordering information: This journal article can be ordered from DOI: 10.1080/02664763.2016.1201794 Access Statistics for this article Journal of Applied Statistics is currently edited by Robert Aykroyd More articles in Journal of Applied Statistics from Taylor & Francis Journals |
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