Forecasting tourism demand; Some methodological issues
The Annals of Regional SciencePublished 1 July 1981
Edwin T. Fujii, James Mak
Citations57
SJR quartileQ1
SJR score0.69
SNIP1.02
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Abstract
This paper investigates methodological issues in forecasting tourism demand. We demonstrate that the employment of extended Box-Cox autoregressive tests for functional form and ridge regression to control for substantial and changing patterns of collinearity among the explanatory variables substantially increases forecast precision relative to extensively used OLS techniques.
Keywords
Social SciencesEconomics, Econometrics and Finance
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