Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Factors Affecting the Price of Airline Tickets: A case study within regression analysis
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
KTH, School of Engineering Sciences (SCI), Mathematics (Dept.), Mathematical Statistics.
2016 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesisAlternative title
Faktorer som påverkar flygbiljettspriser (Swedish)
Abstract [en]

This report investigates which factors have an impact on the price of airline tickets and what their impact is. This is done by performing a multiple linear regression analysis. The logic is to be able to establish when it is the best time to book and to leave, as to attain the lowest price. Regressions were run per destination, where the results for Bangkok and London were specifically presented, out of six destinations examined. Three of these are within Europe and three are at a longer distance. Based on the results, the concept of finding two corresponding general models was also explored and it was found that this was possible, to some extent. The same factors were found to have an impact on all destinations, although their impacts varied some. These factors were the weekday of the outbound and inbound flight, the departure airport, the month of the outbound flight, the number of days between the booking and the outbound flight, and finally, if there was a holiday during the trip.

Abstract [sv]

Denna rapport undersöker vilka faktorer som har en påverkan på flygbiljettspriser och vad deras påverkan är. Detta görs genom att utföra en multipel linjär regressionsanalys. Bakgrunden till detta är att kunna fastställa när det är bäst att boka och resa, för att få det lägsta priset. Olika regressioner genomfördes per destination, där resultaten för Bangkok och London specifikt presenterades, av de sex destinationer som undersöktes. Tre av dessa är inom Europa och tre är på ett längre avstånd. Baserat på dessa resultat undersöktes konceptet i att hitta två motsvarande generella modeller, vilket visade sig vara möjligt, till en viss nivå. Det visade sig också att samma faktorer hade en inverkan på priset för alla destinationer, dock varierade deras inverkan något. Dessa faktorer var veckodagen för ut- och hemresa, avgångsflygplatsen, avresemånaden, antalet dagar mellan bokning och utresedatumet, och slutligen, om det var ett lov under resan.

Place, publisher, year, edition, pages
2016.
Series
TRITA-MAT-K, 2016:18
National Category
Mathematics
Identifiers
URN: urn:nbn:se:kth:diva-189014OAI: oai:DiVA.org:kth-189014DiVA: diva2:942686
External cooperation
Flygresor.se
Subject / course
Applied Mathematical Analysis
Educational program
Master of Science in Engineering - Industrial Engineering and Management
Supervisors
Examiners
Available from: 2016-06-26 Created: 2016-06-26 Last updated: 2016-06-26Bibliographically approved

Open Access in DiVA

fulltext(984 kB)622 downloads
File information
File name FULLTEXT01.pdfFile size 984 kBChecksum SHA-512
7c5ab3c274201579b95ac5ae34233cc6f5416e0320987b912e34291ba92f5ac500ab583ff2cbed99164fddb6f8a72214ac6b2b3a0a1c7a4f9e2b2e5d199d671e
Type fulltextMimetype application/pdf

By organisation
Mathematical Statistics
Mathematics

Search outside of DiVA

GoogleGoogle Scholar
Total: 622 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 1506 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf