A Low Cost Reliable Forecasting Model Of
Tourism Data
Author(s)
A. Panagopoulos, Z. Psillakis & D. Kanellopoulos
Abstract
A new inferential model that allows low cost reliable time series forecasts is
established. The model provides a new unique computationally straightforward
approach based on widely used additive models. An application of the model
referring to monthly percentages of occupancy in Greece is presented. The
results are compared to those of the well know Box-Jenkins method. This study
reveals the performance of the model and confirms its reliability.
Keywords: time series, forecasting models.
1 Introduction
The construction of time series models is an important aspect of business and
economic analyses, because time series [1, 2] are many of the variables of most
interest to business and economic researchers. Forecasting is about predicting the
Keywords
Related Book
Other papers in this volume
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