We propose a new approach to forecasting total port container throughput: to generate forecasts based on each of the port’s terminals and aggregate them into the total throughput forecast. We forecast the demand for total container throughput at the Indonesia’s largest seaport Tanjung Priok Port, employing SARIMA, the additive and multiplicative Seasonal Holt-Winters (MSHW) and the Vector E…
The relationship between co-integration and error correction models, first suggested in Granger (1981), is here extended and used to develop estimation procedures, tests, and empirical examples. If each element of a vector of time series x, first achieves stationarity after differencing, but a linear combination a'x, is already stationary, the time series x, are said to be co-integrated with co…