The purpose of this paper is to provide an insight into the modelling and forecasting of unknown events or shocks that … econometric forecasting has been recently confirmed by the pandemic and other events that have affected the world economy and …, consequently, the tourism sector. In the study, a single Slovenian dataset is input for the analysis of tourist arrivals. Vector …

-Sampling approach (U-MIDAS) (see Foroni et al., 2015; Castle et al., 2009; Bec and Mogliani, 2013), and the LASSO-type penalised … regression used in Bai and Ng (2008), called the elastic net (Zou and Hastie, 2005). We illustrate our approach by forecasting …