Passengers` Traffic Forecast of the Nigeria Airports using the Holt-Winters Additive Model
Authors
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AJ Tamber
Mathematics/Computer Science Dept., Benue State University Makurdi, Benue State, Nigeria
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OM Oladejo
Mathematics Dept., Nigerian Defense Academy Kaduna, Kaduna State Nigeria
Abstract
This research work was carried out in response to the need as a result of increase in Nigeria population and the demand for air transport facilities, this research was carried out using the data of the Federal Airport Authority of Nigeria, which has a total number of 23 airports out of which four are international airports, seven are domestic airports and twelve are other domestic airports with the total number of 75,879,653 passengers between Jan. 2003 and Dec. 2011. The passengers` traffic of FAAN`s data of 2003 to 2011 was collected and forecasted using the NCSS computer package to generate the Holt-Winters additive model with coefficient of determination, R2 of 90.99% and the models were used to forecast for the years 2012 to 2019 using the models.
Keywords: Time series analysis, Nigeria Airports, Holt-Winters additive model, Passengers` traffic forecast