Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/1322
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Hotel and Tourism Management | - |
dc.creator | Li, G | - |
dc.creator | Wong, KKF | - |
dc.creator | Song, H | - |
dc.creator | Witt, SF | - |
dc.date.accessioned | 2014-12-11T08:28:03Z | - |
dc.date.available | 2014-12-11T08:28:03Z | - |
dc.identifier.issn | 0047-2875 | - |
dc.identifier.uri | http://hdl.handle.net/10397/1322 | - |
dc.language.iso | en | en_US |
dc.publisher | SAGE Publications | en_US |
dc.rights | © 2006 Sage Publications | en_US |
dc.subject | Time-varying parameter | en_US |
dc.subject | Error correction model | en_US |
dc.subject | Tourism demand | en_US |
dc.subject | Ex post forecasting | en_US |
dc.subject | Kalman filter | en_US |
dc.title | Tourism demand forecasting : a time varying parameter error correction model | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 175 | - |
dc.identifier.epage | 185 | - |
dc.identifier.volume | 45 | - |
dc.identifier.issue | 2 | - |
dc.identifier.doi | 10.1177/0047287506291596 | - |
dcterms.abstract | The advantages of error correction models (ECMs) and time varying parameter (TVP) models have been discussed in the tourism forecasting literature. These models are now combined to give a new single-equation model, the time varying parameter error correction model (TVP-ECM), which is applied for the first time in the context of tourism demand forecasting. The empirical study focuses on tourism demand, measured by tourism spending per capita, by U.K. residents for five key Western European destinations. The empirical results show that the TVP-ECM can be expected to outperform a number of alternative econometric and time-series models in forecasting the demand for tourism, especially in forecasting the growth rate of tourism demand. A practical implication of this result is that the TVP-ECM approach should be used when forecasting tourism growth is concerned. | - |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Journal of travel research, 1 Nov. 2006, v. 45, no. 2, p. 175-185 | - |
dcterms.isPartOf | Journal of travel research | - |
dcterms.issued | 2006-11-01 | - |
dc.identifier.eissn | 1552-6763 | - |
dc.description.oa | Accepted Manuscript | en_US |
dc.identifier.FolderNumber | OA_IR/PIRA | en_US |
dc.description.pubStatus | Published | en_US |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
05-TVP-ECM LI et al SSOL version.pdf | Pre-published version | 261.65 kB | Adobe PDF | View/Open |
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