Future Air Traffic Timetable Estimator
As Wall Street and the media make us very well aware, profits within the airline industry have been steadily declining due to the fact that passenger travel miles have been regularly plummeting. One major problem was the infamous hijackings and attacks on September 11, 2001. These terroristic events single-handedly ruined a major level of trust on commercial aviation carriers and since these carriers have been on the brink of either shutting their doors forever or experiencing their worst financial difficulties in their corporate histories. Although some smaller and more technologically advanced airlines have been showing that success can be had in the airline industry, it is vital for companies, the industry and the federal overseers to conduct detailed research and analysis of scenarios and phenomenon such as new predicating the airport and airspace traffic patterns and settings. In regard to these industry needs, this report is an attempt to review a recent article in the March -- April 2005 Journal Of Aircraft entitled Future Air Traffic Timetable Estimator by Dipasis Bhadra, Michael Wells, Jennifer Gentry and Brendan Hogan. The objective of this work is to assess and list the important facts used in the article by the authors to support the overall main idea of their piece.
The goal therefore is not to justify those facts but to explain if and when the author utilized good research methodologies, research processes or if they thoroughly explained what it was they were writing about. The main idea of the article, in my opinion, was for the authors to justify and explain a set of new methodologies for creating simulation tables for airport and airspace traffic patterns and settings. As noted, these types of testing situations are vital to the future success of the industry so it is crucial that any new methodology be conducted in a scientifically acceptable manner and that any process meets the needs of all end users. With that being said, the authors' work seemed very scientific up front because they used many industry related terminologies and concepts that an average person may not know. But, that does not necessarily mean that the information was clear, accurate or scientifically obtained and measurable. This report will look at the content of the article from this perspective; how, in my opinion, did the authors do in regard to these criteria?
In my opinion, this article did not represent sound or 'good' research methods because there were just too many instances throughout the piece where the authors were unclear about the input data they were using or how they justified their inputs. For example: "There are various ways to assign passengers to routes. Currently, using itinerary data from the10% ticket sample we assign passengers based on the most recent historical distribution. Thus, the routes available for passengers to choose from are those that are observed in the actual data. Finally, when forecasts on route segments are rolled up for a particular airport, they can provide us with activity measures that are comparable to the TAF." (Bhadra, Wells, Gentry, & Hogan, 2005)
There is no way of knowing if the authors are correct in assuming if there are various ways of assigning routes or if this is some impossible task. The key is that to start of this way leaves many additional questions on the rest of the quote. Consider that assigning the routes available for passengers may or may not be correct or may actually be considered to be more of an assumption made be the authors instead of some actual scientific option.
Although the scientific assumptions made seem, well, unscientific, the overall purpose of the article seems pretty clearly defined. In a similar sense, if we do not try to actually read too much into the how factual the data is, there is clear evidence as well that the authors have a reasonable base of knowledge on the topic and they seem to have done an amount of research because their process...
Bibliography 1) Analysis of Heterogeneous Panels with Unobserved Common Effects a) Baltagi, Badi H. 2010. Narrow Replication of Serlenga and Shin (2007) gravity models of intra-EU trade: application of the CCEP-HT estimation in heterogeneous panels with unobserved common time-specific factors. Journal of Applied Econometrics 25 (3): 505-506. 2) Panel unit root tests. a) Pesaran, M. Hashem. 2007. A simple panel root test in the presence of cross-section dependence. Journal of Applied Econometrics 22: 265-312. b)
Econometrics of University Selection Prestige Location Ivy League Type of Curriculum Attending college, and the selection of colleges, is one of the most important decisions individuals can make in their youth. Future college students base their decision making criteria on a wide range of information. Some consider whether or not the school is a party school, others consider the history and the level of prestige that the school has obtained, and others may select a
Chapter two of the proposed study will be used to deliver a review of the relevant peer-reviewed and scholarly literature concerning the relationship between unemployment, money supply and inflation, and how the Indiana University model can be used to model these relationships. Chapter three of the study proposed herein will be used to more fully describe the methodology, including a description of the study approach, the data-gathering method used
Statistics and Econometrics ID- 4119L 2011/12 LEVEL STATISTICS AND ECONOMETRICS Present your data in a table showing the names of the variables. Make sure the full definitions and sources of each variable are given. Birth Rates: (thousands) Quarter1 (Q1) Quarter2 (Q2) Quarter3 (Q3) Quarter4 (Q4) GDP per capita (GDP) The GDP data used was from http://earthtrends.wri.org/text/economics-business/variable-638.html in the table Economics, Business, and the Environment -- GDP: GDP per capita, current U.S. dollars Current U.S.$ per person GDP The equation to be estimated is: BRi =
Econometric Modeling Financial risk is currently at the center of all economic activity due to the incredibly unstable financial environment of the world economy. As a consequence the search for ways to reduce risk has taken a front seat in the important issues of our day. Several instruments exist in order to increase risk reduction possibilities, these include forward and futures contracts as well as various derivatives. That the most optimal
multiple liner regression to determine the time taken to dispatch daily subscription newspapers from the New York Times Printing Plant to several offices and homes in New York City and its neighborhood. The newspaper delivery routes are to be the shortest and most efficient in terms of conserving fuel that would otherwise be wasted on traffic jams. The Logistics Manager suggested that the variables that are most crucial are
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now