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Recent developments in econometric modeling and forecasting

Li, G, Song, H and Witt, SF (2005) Recent developments in econometric modeling and forecasting Journal of Travel Research, 44 (1). pp. 82-99.


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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. © 2005 Sage Publications.

Item Type: Article
Divisions : Faculty of Arts and Social Sciences > School of Hospitality and Tourism Management
Authors :
Li, G
Song, H
Witt, SF
Date : August 2005
DOI : 10.1177/0047287505276594
Depositing User : Mr Adam Field
Date Deposited : 27 May 2010 14:37
Last Modified : 31 Oct 2017 14:00

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