A time series method for occupancy forecasting : A case study of West Greece
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XVII, No.1, 2005, pages 67-78
Issue:
Pages:
67-78
Abstract:
This paper presents a time series forecasting method to predict of occupancy of all tourist accommodations for the West Greece region. We use the Box – Jenkins method and we try to construct a statistical model whish has the best fit to our data. We analyze the trend and the seasonality of our data and we make forecasts for the following years. Official statistical data from 1990 to 1999 is used. The program that we use for this study is Minitab 14. From this study it is obvious that the occupancy of all tourist accommodations will be stable during the low and the high tourist season for the next years.
Subject:
Subject (LC):
Keywords:
Time Series, Box – Jenkins, Forecasting, Seasonality, Tourism data
Notes:
JEL classification: C 32, C 53
