Welcome to our new venture, “Diving Deeper into Seasonal Fluctuations”. We will uncover the secrets behind the seasonal phenomena affecting airline passenger volumes. This lesson aims to spotlight monthly fluctuations in passenger counts over a span of 11 years and illustrate these trends using Python, Matplotlib, and Seaborn.
Put on your data science goggles as we embark on a journey to the heart of Time Series Data Analysis, a robust statistical tool with data points indexed at successive equally spaced points. This is paramount in many practical fields such as economics, finance, biology, physics, and, of course, in our study- aviation, where we delve into the history and future predictions of air travel.
In essence, why do you need to know about seasonal fluctuations? Imagine overseeing airline operations. You would want to accommodate peak travel times by scheduling more flights, ensuring adequate staff, or planning the maintenance and downtime of aircraft accordingly. It can also be invaluable information if you are in the travel industry or even for passengers looking to plan their travel when it’s less crowded. The applications are limitless!
Earlier, we introduced you to time series analysis and line plots using Matplotlib. Now, let’s extend that knowledge to analyze seasonal fluctuations. This time, we strive to discern if there's a pattern emerging over the months, regardless of the year.
To achieve this, we need an aggregated passenger' count for each month over the years. For the task, Python's Pandas library and its groupby
function can be quite beneficial. Let's walk through it.
