Container Handling Forecasting With Classical Time Series Analysis
Abstract
The increase in the trade volume in the global competitive environment constitutes the essential element of the economic inputs of the countries. Even though there are many ways to stand out from competitors in national or international trade; the main advantage is to discover the logistics service and the quality provided. Container transport is the most effective type of maritime transport, especially between the fast-growing and the load-carrying species in recent years. This study is intended to forecast the average amount of container handling in all ports in Turkey. The foresight of container handling volumes will ensure that the planning of container flow is carried out, helping to improve the quality of service of port businesses and helping our country gain an advantage over global competition. In this study, data on the monthly total container handling amount for the period of January 2004-December 2021 at Turkish ports were used from the relevant Ministry's website. First of all, the time series we have was examined, and time series analysis was carried out with the Seasonal Naive, Holt-Winters Additive, Holt-Winters Multiplicative, ETS and SARIMA methods in accordance with the structure of the time series. Moreover, in the analysis of this time series, the model with the best test set result was determined according to the root mean squared error and mean absolute percent error criteria. Conclusion, the most suitable method is SARIMA, among the methods tested in this study. In addition, the average container handling prediction values of all ports in Turkey for the year 2022 were determined with 95% lower and upper confidence limits.
Keywords
References
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