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Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/1321

Title: Recent developments in econometric modeling and forecasting
Authors: Li, Gang
Song, Haiyan
Witt, Stephen F.
Subjects: Tourism demand
Modeling
Forecasting
Issue Date: 1-Aug-2005
Publisher: Published by Sage on behalf of Travel and Tourism Research Association
Citation: Journal of travel research, 1 Aug. 2005, v. 44, no. 1, p. 82-99.
Abstract: Eighty-four post-1990 empirical studies of international tourism demand modeling and forecasting using econometric approaches are reviewed. New developments are identified, and it is shown that applications of advanced econometric methods improve the understanding of international tourism demand. An examination of the 22 studies that compare forecasting performance suggests that no single forecasting method can outperform the alternatives in all cases. The time-varying parameter (TVP) model and structural time-series model with causal variables, however, perform consistently well.
Description: DOI: 10.1177/0047287505276594
Rights: © 2005 Sage Publications.
Type: Journal/Magazine Article
URI: http://hdl.handle.net/10397/1321
ISSN: 0047-2875 (Print)
1552-6763 (Online)
Appears in Collections:SHTM Journal/Magazine Articles

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