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All Journal Journal of Actuarial, Finance, and Risk Managment
Windi Marnizal Putri
Study Program of Actuarial Science, President University
Economics, Econometrics & Finance Mathematics

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Forecasting The Number of Aircraft Passengers Arriving Through Soekarno-Hatta Airport Using Arima Model Windi Marnizal Putri; Fauziah Nur Fahirah Sudding
Journal of Actuarial, Finance, and Risk Management Vol 1, No 2 (2022)
Publisher : Journal of Actuarial, Finance, and Risk Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33021/jafrm.v1i2.3970

Abstract

Soekarno-Hatta International Airport is well known as the busiest airport in Indonesia with the number of airplane passengers normally grow from year to year. In 2010, there were more than 43 million passengers, and had increased up to 62.4 million over the year 2011. Risk of overcapacity became an issue. Thus, in the following year, the airport was planned for an expansion.  Predicting the frequency of passengers can be helpful for future planning and to improve airport facilities and policy. This research used Autoregressive Integrated Moving Average (ARIMA) to forecast the number of aircraft passengers. ARIMA (0,1,1) is the most suitable model used with MAPE 110%, the results is 2,405,205 passengers. Actual data and predictive data are not much different
Co-Authors Fauziah Nur Fahirah Sudding