STATISTICAL EVALUATION OF ECONOMETRIC AIR TRAVEL DEMAND

This paper evaluates the impact of violation of the following assumptions in the regression model: (1) mean of the stochastic disturbance term is zero; (2) variance-covariance matrix of the disturbance vectors is diagonal with constant variance; (3) the disturbance terms are distributed normally; (4) values of explanatory variables are nonstochastic; and (5) matrix X is of full column rank. Methods of detecting the violation of these assumptions, as well as methods of eliminating the severity of these problems, are presented. The paper also contains extensions of the common statistical tests used to evaluate the appropriateness of such models.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00218669
• Corporate Authors:

  American Institute of Aeronautics and Astronautics

  1290 Avenue of the Americas
  New York, NY  United States  10019
• Authors:
  • Taneja, N K
• Publication Date: 1976-9

Media Info

• Features: References;
• Pagination: p. 662-669
• Serial:
  • Journal of Aircraft
  • Volume: 13
  • Issue Number: 9
  • Publisher: American Institute of Aeronautics and Astronautics
  • ISSN: 0021-8669
  • Serial URL: https://arc.aiaa.org/journal/ja

Subject/Index Terms

• TRT Terms: Air transportation; Econometrics; Economic forecasting; Mathematical models; Regression analysis; Statistical analysis; Stochastic processes; Travel demand
• Uncontrolled Terms: Models
• Subject Areas: Aviation; Data and Information Technology; Economics;

Filing Info

• Accession Number: 00158228
• Record Type: Publication
• Source Agency: Engineering Index
• Files: TRIS
• Created Date: Aug 31 1977 12:00AM