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Many service industry firms strive hard to fill free capacity in order to cover their costs for a fixed capital stock. This paper presents a time series model where the capacity constraint is an integral part. The integer-valued autoregressive model builds on a simple idea of how daily time...
Persistent link: https://www.econbiz.de/10004966132
Persistent link: https://www.econbiz.de/10005429103
Many service industry firms strive hard to fill free capacity in order to cover their costs for a fixed capital stock. This paper presents a time series model where the capacity constraint is an integral part. The integer-valued autoregressive model builds on a simple idea of how daily time...
Persistent link: https://www.econbiz.de/10005584867
Persistent link: https://www.econbiz.de/10002652270
Persistent link: https://www.econbiz.de/10009949833
The daily number of occupied hotel rooms in three large Swedish cities is modelled by an integer-valued and binomial autoregression. The model includes the capacity constraint and price variables are incorporated through the parameters of the model. The model implies a duration of hotel visit...
Persistent link: https://www.econbiz.de/10014035439
The number of Norwegian guest nights in Swedish hotels and cottages is studied. Aggregation of an integer-valued AR(1) model and a two-stage demand model underlies the empirical results. The parameters in the model are check-out probability, mean check-in and the probability of selecting the...
Persistent link: https://www.econbiz.de/10014138878
Lately the interest in arranging festivals or special events has increased in many cities. In this paper we present an econometric model to account for the tourism accommodation impact of such events. The autoregressive count data model incorporates some of the more important factors in the...
Persistent link: https://www.econbiz.de/10014120847