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Air transport demand estimates for UK domestic and international routes Part 2—estimates*

Published online by Cambridge University Press:  04 July 2016

A. P. Ellison
A. P. Ellison*
Affiliation:
Department of Economics, Queen Mary’s College
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Extract

This section deals with the application of models developed in Part I to particular UK domestic and international routes. Most of the information used is in time series, a form of data which brings with it many problems. As well as the usual ones such as multicollinearity, serial correlation and simultaneity, the civil aviation market has its own characteristics which bring with it estimating problems. Special attention is paid to short- and long-run responses to income and price changes, to means of explaining secular trends in growth, and causes of fluctuations. When possible, generalisations concerning the size of parameters and the appropriateness of certain model forms will be made. The approach however is to treat routes and route groups as unique, with different passenger characteristics, development and histories. Such differences require different approaches and different models. Much of the discussion will be concerned with discussing the appropriateness of one or other model to routes of certain characteristics.

Type
Supplementary Paper
Information
The Aeronautical Journal , Volume 76 , Issue 737 , May 1972 , pp. 327 - 341
Copyright
Copyright © Royal Aeronautical Society 1972 

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Footnotes

*

Part I was published in the April issue of the Aeronautical Journal.

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