African Nanotechnology in Engineering

Advancing Scholarship Across the Continent

Vol. 2007 No. 1 (2007)

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Revisiting Time-Series Forecasts of Transport Maintenance Depot Systems in South Africa: A Methodological Validation Study

Nolwazi Mkhize, Department of Mechanical Engineering, Wits Business School Siyabonga Ndlovu, Wits Business School
DOI: 10.5281/zenodo.18850053
Published: November 21, 2007

Abstract

This study revisits previous work on forecasting transport maintenance depot systems in South Africa to validate methodological approaches. The methodology involves re-analysis of existing data sets using advanced statistical tools such as ARIMA (AutoRegressive Integrated Moving Average) model equations to forecast future maintenance demands and identify trends. A key finding is that the application of robust standard errors significantly improves the accuracy of forecasts, reducing variance by approximately 15% compared to previous studies. The re-analysis confirms the effectiveness of time-series forecasting in predicting maintenance needs with a precision level indicated by the model’s confidence interval. Further research should consider incorporating real-time data sources and integrating machine learning techniques for enhanced predictive accuracy. The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

How to Cite

Nolwazi Mkhize, Siyabonga Ndlovu (2007). Revisiting Time-Series Forecasts of Transport Maintenance Depot Systems in South Africa: A Methodological Validation Study. African Nanotechnology in Engineering, Vol. 2007 No. 1 (2007). https://doi.org/10.5281/zenodo.18850053

Keywords

Sub-SaharanAfricanGPSMarkovSimulationRegressionTime-Series

References