Analysis of Passengers Arrivals at Male International Airport
Verified
Added on 2023/01/19
|8
|891
|53
AI Summary
This document provides a quantitative analysis and regression of passengers arrivals at Male International Airport from 1985 to 2014. It includes the prediction of future arrivals and descriptive statistics such as mean, median, standard deviation, and quartiles.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
STA117: Assignment Student Name Institution Name Date
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Question 1 a)Explanation of the data i.Overall trend The line graph above gives an overall trend of the data for the 5 years. From the graph it can be observed that the number of tourists’ arrival have been increasing from 2010 to 2014. For all the years the number of tourists is higher during the first and last quarter of the year while it remains relatively lower during the second and third quarter. The overall conclusion from this is that first and last quarter is the peak season for the tourists’ arrival in Maldives while the second and the third quarter are the off-peak season. ii.Comparison of the quarters The pie chart below gives a summary of the comparison of tourists’ arrival per quarter.
As discussed above this pie chart do show that most of the tourists in Maldives do arrive in the first and fourth quarter of the year. The second and third quarter represents economic recession in the tourist sector. iii.Yearly comparison as in the bar graph below shows that the number of tourists arriving in the country have been increasing from the year 2010 to 2014. b)The three graphs are as shown below
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
c)Linear regression The regression equation will be given by y=267534.6−49099.8Q2−23751.6Q3+4979.8Q4 Using the equation to predict the arrivals in 2015 we obtain QuarterArrival Q1267535 Q2218435 Q3243783 Q4272514 Question 2 a)The regression equation isy=−54.08046+40.50412x Where y is the number of arrivals while x is the year of arrival. b)The coefficient of determination given as R squared is 90.6645% c)Standard error of estimate This is given by the formula √∑(y1−y)2 n,wherey1istheestimatedvalue∧yistheactualvalue, n is the number of observations. Yearyy1y1-ySquared
SE 615034.44 6 d)Arrivals in 2015 ¿−54.08046+40.50412x ¿−54.08046+40.50412∗2015=81561721 Arrival∈¿2020 ¿−54.08046+40.50412∗2020=81764241 The number of passengers arriving at the Male International Airport increases as the year of arrival increases. e)The correlation coefficient of the years and the number of arrivals is 0.952179. this indicate a strong positive relationship between the two variables. To test for the goodness of the fit, the F statistics is used. Since the value of the F statistics is less than 0.05, it can be concluded that at a 95% level of significance the model is appropriate in estimating the number of arrivals in a given year. Question 3 a)Quantitative analysis Arrivals Mean 573806.766 7 Standard Error 68377.6164 6 Median512936.5 Mode#N/A Standard Deviation 374519.629 6 Coefficient of variation 0.65269294 7 First quartile281754.25 Second quartile512936.5
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Third quartile807626.25 The values are in (‘000) b)Report Passengers arrival From the year 1985 onwards to 2014, the number of passengers arriving in Male international airport have been increasing annually. Using the regression of the 30 years and the number of arrivals per annum, it’s evident that the two variables have strong positive correlation. At least 90.66% of the difference in an annual arrival of passengers in the airport can be explained by the different in years. From the regression output the equation y=−54.08+40.504xcan be used to predict the number of arrivals in a given year. The variable y represents the arrivals while x the year of arrival. From this equation we note that at the y intercept is 54,080. The coefficient of the equation is 40,504 indicating a change of time by a single unit increases the number of passengers arriving in the airport by 40,504. Taking a descriptive analysis of the annual passengers’ arrivals, we obtain an average arrival of 573,806,766 per year. The arrivals had standard deviation of 374519629. Being that the value of standard deviation is very large it can be interpreted as most values of the arrivals are scattered far away from the mean values. For this reason, the median which is 512936500 is the best estimate for the annual arrivals.