A technical analysis approach to tourism demand forecasting

Petropoulos, C; Nikolopoulos, K; Patelis, A; Assimakopoulos, V

dc.contributor.author	Petropoulos, C	en
dc.contributor.author	Nikolopoulos, K	en
dc.contributor.author	Patelis, A	en
dc.contributor.author	Assimakopoulos, V	en
dc.date.accessioned	2014-03-01T01:21:47Z
dc.date.available	2014-03-01T01:21:47Z
dc.date.issued	2005	en
dc.identifier.issn	1350-4851	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/16369
dc.subject	Technical Analysis	en
dc.subject	Tourism Demand	en
dc.subject.classification	Economics	en
dc.subject.other	forecasting method	en
dc.subject.other	modeling	en
dc.subject.other	tourism market	en
dc.title	A technical analysis approach to tourism demand forecasting	en
heal.type	journalArticle	en
heal.identifier.primary	10.1080/13504850500065745	en
heal.identifier.secondary	http://dx.doi.org/10.1080/13504850500065745	en
heal.language	English	en
heal.publicationDate	2005	en
heal.abstract	Tourism demand forecasts are of great economic value both for the public and private sector. Any information concerning the future evolution of tourism flows, is of great importance to hoteliers, tour operators and other industries concerned with tourism or transportation, in order to adjust their policy and corporate finance. In the last few decades, numerous researchers have studied international tourism demand and a wide range of the available forecasting techniques have been tested. Major focus has been given to econometric studies that involve the use of least squares regression to estimate the quantitative relationship between tourism demand and its determinants. However, econometric models usually fail to outperform simple time series extrapolative models. This article introduces a new approach to tourism demand forecasting via incorporating technical analysis techniques. The proposed model is evaluated versus a range of classic univariate time series methods in terms of forecasting and directional accuracy. © 2005 Taylor & Francis Group Ltd.	en
heal.publisher	ROUTLEDGE TAYLOR & FRANCIS LTD	en
heal.journalName	Applied Economics Letters	en
dc.identifier.doi	10.1080/13504850500065745	en
dc.identifier.isi	ISI:000229479100001	en
dc.identifier.volume	12	en
dc.identifier.issue	6	en
dc.identifier.spage	327	en
dc.identifier.epage	333	en