Medeiros, Marcelo C.; McAleer, Michael; Slottje, Daniel; … - In: Journal of Econometrics 147 (2008) 2, pp. 372-383
In this paper we provide an alternative approach to analyze the demand for international tourism in the Balearic Islands, Spain, by using a neural network model that incorporates time-varying conditional volatility. We consider daily air passenger arrivals to Palma de Mallorca, Ibiza and Mahon,...