Edinburgh Airport (EDI) has partnered with Copenhagen Optimization (CopOpt) to introduce its passenger forecasting solution Better Forecast, which aims to improve the accuracy and reduce time spent on footfall forecasts.
CopOpt will deliver the Better Forecast solution through Better Airport, its cloud-based planning platform. Better Airport has already been implemented at other international airports, including Toronto Pearson International Airport, Geneva Airport, Bologna Airport and Dublin Airport.
Zoë Todd, head of integrated business planning at Edinburgh Airport, said, “This new forecasting solution will allow us to meet an increasing demand for more dynamic, timely and accurate security forecasting.
“Working with CopOpt we have reduced the time taken to produce the security forecast, demonstrated an improvement in forecast accuracy and have found an intuitive product that more than fits the needs of our business planning team.”
EDI selected Better Forecast through a competitive process where three different forecast solutions where trialled in a head-to-head competition. Among other metrics, the forecast accuracy, the time to complete a forecast, and the transparency in how the forecast is created were considered.
Better Forecast delivered the highest accuracy at a quicker pace through an easy-to-understand user experience.
Anders Dohn, managing partner at CopOpt, commented, “We enjoyed the head-to-head competition and were pleased to see how the EDI forecasting team were setting high standards for the forecasting process as well as for the accuracy of the forecast.
“The machine learning elements included in Better Forecast proved successful and significantly reduced the time required to make a forecast while securing a high accuracy.”