Econometric Modelling and Forecasting of Tourism Demand

<p>This insightful and timely volume provides a succinct expert-led introduction to the latest developments in advanced econometric methodologies in the context of tourism demand modelling and forecasting.</p><p>Written by a plethora of worldwide experts on this topic this book offers a comprehensive approach to tourism econometrics. Accurate demand forecasts are crucial to decision-making in the tourism industry and this book provides real-life tourism applications and the corresponding R code alongside theoretical foundations in order to enhance understanding and practice amongst its readers. The methodologies introduced include general to specific modelling cointegration vector autoregression time-varying parameter modelling spatiotemporal econometric models mixed-frequency forecasting hybrid forecasting models forecasting combination techniques density forecasting judgemental forecasting scenario forecasting under crisis and web-based tourism forecasting.</p><p>Embellished with insightful figures and tables throughout this book is an invaluable resource for those using advanced econometric methodologies in their studies and research including both undergraduate and postgraduate students researchers and practitioners.</p>