Authors: Juan Gabriel Brida, Nicolas Garrido
Addresses: Competence Centre in Tourism Management and Tourism Economics (TOMTE), School of Economics and Management, Free University of Bolzano, Universitatsplatz, 1, Bolzano I-39100, Italy. ' IDEAR – Nucleo Milenio en Politicas Publicas y Ciencia Regional, Departamento de Economia, Universidad Catolica del Norte, Antofagasta, Chile
Abstract: In this paper, we search for the best statistical model of time series with seasonal effect (seasonal autoregressive integrated moving average (SARIMA)) for forecasting arrivals in 13 regions of Chile. We use monthly time series of arrivals from January 2004 to March 2009. The forecasting performance is assessed using data for the period October 2008 to March 2009. We use three methods for the specification of the model: the Box–Jenkins method with Akaike criterion, the method of minimising the forecast error and the regARIMA method of the X12-ARIMA package. We compare the performance of the three methods according to their forecast results. Regions have different SARIMA specifications, resembling the underlying differences in tourism infrastructure and capacities available within each region.
Keywords: tourism forecasting; Chile; regions; tourist arrivals; tourism infrastructure; tourism capacities; regional infrastructure; tourists.
International Journal of Leisure and Tourism Marketing, 2011 Vol.2 No.2, pp.176 - 190
Available online: 05 Mar 2011 *Full-text access for editors Access for subscribers Purchase this article Comment on this article