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The Impacts Of The Covid-19 Pandemic On Airport Demand Forecasts And Critical Aircraft For Commercial Service Airports Serving Southwest Michigan, Matthew Wietstock
The Impacts Of The Covid-19 Pandemic On Airport Demand Forecasts And Critical Aircraft For Commercial Service Airports Serving Southwest Michigan, Matthew Wietstock
Honors Theses
The COVID-19 pandemic has drastically altered the aviation industry and the nature of how airports predict their future use. This paper conducts a new analysis of the various prediction methods regarding airport demand forecasting using the commercial service airports serving Southwest Michigan. Primarily, the methods researched include time-series analysis using regressions, market-share analysis, and an examination of socio-economic factors. While no one method prevails over the other, the market-share analysis has proven to be the most realistic predictor in three of the four airports analyzed, with time-series analysis predicting the other. A thorough analysis of these forecasting methods can help …