Density forecasting for tourism demand
Shui Ki Wan,
Haiyan Song () and
David Ko
Annals of Tourism Research, 2016, vol. 60, issue C, 27-30
Abstract:
•Introduce usefulness of density forecasts for visitor arrival in risk management.•Test the appropriateness of model assumption with histogram-based method.•Apply the framework to ARDL model for Hong Kong inbound tourism demand.•Error in ARDL model for the demand growth rates of China exhibit fat tail.•Normality assumption for the growth rates model from Macau is appropriate.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:60:y:2016:i:c:p:27-30
DOI: 10.1016/j.annals.2016.05.012
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