PREDICTING DISAGGREGATED TOURIST ARRIVALS IN SIERRA LEONE USING ARIMA MODEL
PREDICTING DISAGGREGATED TOURIST ARRIVALS IN SIERRA LEONE USING ARIMA MODEL
Author(s): Emerson Abraham Jackson, Edmund TamukeSubject(s): Business Economy / Management, Tourism
Published by: ASERS Publishing
Keywords: ARIMA methodology; out-of-sample forecast; tourist arrivals; Sierra Leone;
Summary/Abstract: This study has uniquely made use of Box-Jenkins ARIMA models to address the core of the three objectives set out in view of the focus to add meaningful value to knowledge exploration. The outcome of the research has testified the achievements of this through successful nine months out-of-sample forecasts produced from the program codes, with indicating best model choices from the empirical estimation. In addition, the results also provide description of risks produced from the uncertainty Fan Chart, which clearly provide possible downside and upside risks to tourist visitations in the country.In the conclusion, it was suggested that downside risks to the low-level tourist arrival can be managed through collaboration between authorities concerned with the management of tourism in the country.
Journal: Theoretical and Practical Research in Economic Fields (TPREF)
- Issue Year: X/2019
- Issue No: 20
- Page Range: 132-142
- Page Count: 11
- Language: English
- Content File-PDF