FORECASTING METHODOLOGY PART 1: DATA REQUIREMENTS AND THE PROCESS OF FORECASTING

Abstract

The contribution contains brief information on the aviation forecasting process. The paragraphs discuss the importance of forecasting in aviation activities, define forecasting itself and provide information on the data requirements when forecasting. The last part of the contribution discusses the forecasting time horizon which also affects the selection of the proper forecasting method, which will be discussed in further contribution following on this one.