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Recent Development in Econometric Modeling and Forecasting

Li, G, Song, H and Witt, SF (2005) Recent Development in Econometric Modeling and Forecasting Journal of Travel Research, 44 (1). 82 - 99. ISSN 0047-2875

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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.

Item Type: Article
Additional Information: Published in Journal of Travel Research 44(82) 2005. Copyright 2008 Sage Publications.
Divisions: Faculty of Business, Economics and Law > Hospitality and Tourism Management
Depositing User: Symplectic Elements
Date Deposited: 26 Jan 2012 16:34
Last Modified: 23 Sep 2013 18:48
URI: http://epubs.surrey.ac.uk/id/eprint/7525

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