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van Ostaijen, Thom (author), Santos, Bruno F. (author), Mitici, M.A. (author)This paper proposes a model for dynamic booking forecasting using a time-inhomogeneous Markov process. The transition probabilities are estimated based on a combination of an empirical and a parametric distribution. This model is applied for flight booking forecasting, where flight forecasts are updated on a daily basis over a time horizon of up...conference paper 2017