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General Chat / Ticket Price vs. Distance from Hub, Available Passengers at Destination, etc.
« on: April 24, 2010, 12:12:26 am »
Has anyone come up with an algorithm or equation to predict (approximate) Ticket Price between any two airports with any airplane (without competition)... Ticket Price vs. Distance from Hub, Available Passengers at Destination, Aircraft Seats, and Available Passengers at Hub?
I’ve experimented and found that Ticket Price vs. Distance from Hub is fairly linear: y = 0.2232x + 567.55 ("y" is Ticket Price and "x" is distance (nm), 30 passenger plane from a ~50mil passenger hub and ~120K passenger destination).
Ticket Price vs. Available Passengers at Destination is not as linear: y = 0.000008x + 609.94 ("y" is Ticket Price and "x" is Available Passengers at Destination, 30 passenger plane from a ~50mil passenger hub at ~230 nm from hub).
I’ve experimented and found that Ticket Price vs. Distance from Hub is fairly linear: y = 0.2232x + 567.55 ("y" is Ticket Price and "x" is distance (nm), 30 passenger plane from a ~50mil passenger hub and ~120K passenger destination).
Ticket Price vs. Available Passengers at Destination is not as linear: y = 0.000008x + 609.94 ("y" is Ticket Price and "x" is Available Passengers at Destination, 30 passenger plane from a ~50mil passenger hub at ~230 nm from hub).