Renouf Publishing Co. Ltd.
embedded image
Renouf
Online Bookstore

ABOUT SSL CERTIFICATES

 
Quick Search
for: 
in 
 
Advanced search
F.A.Q.
Featured books
New in print
Best Sellers
President's picks

Shopping cart/Checkout  [0]
Sign-up for eUpdates
Where Should We Go?
Internet Searches and Tourist Arrivals

by Serhan Cevik

Series:Working Paper No. 20/22
ISBN 9781513526348
Code: #WPIEA2020022

Publication year: 2020

Cdn: $27.00; US: $25.00
Paperback
Language: English
16 pages
Add to cart
The widespread availability of internet search data is a new source of high-frequency information that can potentially improve the precision of macroeconomic forecasting, especially in areas with data constraints. This paper investigates whether travel-related online search queries enhance accuracy in the forecasting of tourist arrivals to The Bahamas from the U.S. The results indicate that the forecast model incorporating internet search data provides additional information about tourist flows over a univariate approach using the traditional autoregressive integrated moving average (ARIMA) model and multivariate models with macroeconomic indicators. The Google Trends-augmented model improves predictability of tourist arrivals by about 30 percent compared to the benchmark ARIMA model and more than 20 percent compared to the model extended only with income and relative prices.
Where Should We Go?
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 126961 Added: 2020.2.9