Predictivity of tourism demand data

Yishuo Zhang, Gang Li, Birgit Muskat, Huy Quan Vu and Rob Law

Annals of Tourism Research, 2021, vol. 89, issue C

Abstract: As tourism researchers continue to search for solutions to determine the best possible forecasting performance, it is important to understand the maximum predictivity achieved by models, as well as how various data characteristics influence the maximum predictivity. Drawing on information theory, the predictivity of tourism demand data is quantitatively evaluated and beneficial for improving the performance of tourism demand forecasting. Empirical results from Hong Kong tourism demand data show that 1) the predictivity could largely help the researchers estimate the best possible forecasting performance and understand the influence of various data characteristics on the forecasting performance.; 2) the predictivity can be used to assess the short effect of external shock — such as SARS over tourism demand forecasting.

Keywords: Data characteristics; Entropy; Predictivity; Tourism demand forecasting (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:anture:v:89:y:2021:i:c:s0160738321001122

DOI: 10.1016/j.annals.2021.103234

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