Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/1719
Title: An empirical study of forecast combination in tourism
Authors: Song, H 
Witt, SF
Wong, KKF
Wu, DC
Keywords: Forecast combination
Forecasting accuracy
Tourism demand
Issue Date: 1-Feb-2009
Publisher: SAGE Publications
Source: Journal of hospitality and tourism research, 1 Feb. 2009, v. 33, no. 1, p. 3-29 How to cite?
Journal: Journal of hospitality and tourism research 
Abstract: The performance of forecast combination techniques is explored at different time horizons in the context of tourism demand forecasting. Statistical comparisons between the combination and single-model forecasts show that the combined forecasts are significantly more accurate than the average single-model forecasts across all forecasting horizons and for all combination methods. This provides a strong recommendation for forecast combination in tourism. In addition, the empirical results indicate that forecast accuracy does not improve as the number of models included in the combination forecasts increases. It also appears that combining forecasts may be more beneficial for longer-term forecasting.
URI: http://hdl.handle.net/10397/1719
ISSN: 1096-3480
EISSN: 1557-7554
DOI: 10.1177/1096348008321366
Rights: © 2009 International Council on Hotel, Restaurant and Institutional Education
Appears in Collections:Journal/Magazine Article

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