In the airport world, future events can be anything from the next 30 minutes to the next 30 years. That is why the majority of airports worldwide utilise forecasting and forward planning techniques. The Oxford English Dictionary defines forecasting as “a calculation or estimate of future events”.
The graphic below illustrates the different timescales – or forecasting horizons – that airports plan against, alongside some examples of the considerations that need to be taken into account for effective and accurate forecasting.
For more insight, download our whitepaper to discover the considerations and steps airports can take to scenario plan within key forecast horizons.