Song, Haiyan; Smeral, Egon; Li, Gang; Chen, Jason L. - 2008
This study evaluates the forecasting accuracy of five alternative econometric models in the context of predicting the … expenditure by inbound international visitors in a destination. Two univariate time series models are included in the forecasting … comparison as benchmarks. Accuracy is assessed in terms of error magnitude. Seasonality is an important feature of forecasting …