Time series modelling of tourist arrivals to Malaysia

Tourism comprises of the activities of persons traveling to and staying in places outside their usual environment for not more than one consecutive year. Tourism is one of the major foreign exchange earners in Malaysia. Therefore, forecasting tourist arrivals becomes important because it would enab...

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Main Author: Shitan, Mahendran
Format: Article
Language:English
Published: InterStat 2008
Subjects:
Online Access:http://psasir.upm.edu.my/id/eprint/17416/
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author Shitan, Mahendran
author_facet Shitan, Mahendran
author_sort Shitan, Mahendran
building UPM Institutional Repository
collection Online Access
description Tourism comprises of the activities of persons traveling to and staying in places outside their usual environment for not more than one consecutive year. Tourism is one of the major foreign exchange earners in Malaysia. Therefore, forecasting tourist arrivals becomes important because it would enable tourist related industries like airlines, hotels,food and catering services, etc., to plan and prepare their activities in an optimal way. Previous studies have suggested various time series models for modelling monthly tourist arrivals to Malaysia. Since then, new observations have become available and it is important to update these models. Therefore, in this paper we update and compare the performance of three time series models for modelling tourist arrivals to Malaysia. One of them is within the class of ARMA models and the other two are in the class of ARFIMA models. & & &
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spelling upm-174162013-08-20T01:18:04Z http://psasir.upm.edu.my/id/eprint/17416/ Time series modelling of tourist arrivals to Malaysia Shitan, Mahendran Tourism comprises of the activities of persons traveling to and staying in places outside their usual environment for not more than one consecutive year. Tourism is one of the major foreign exchange earners in Malaysia. Therefore, forecasting tourist arrivals becomes important because it would enable tourist related industries like airlines, hotels,food and catering services, etc., to plan and prepare their activities in an optimal way. Previous studies have suggested various time series models for modelling monthly tourist arrivals to Malaysia. Since then, new observations have become available and it is important to update these models. Therefore, in this paper we update and compare the performance of three time series models for modelling tourist arrivals to Malaysia. One of them is within the class of ARMA models and the other two are in the class of ARFIMA models. & & & InterStat 2008 Article PeerReviewed Shitan, Mahendran (2008) Time series modelling of tourist arrivals to Malaysia. InterStat (October). pp. 1-12. ISSN 1941-689X Time - series analysis Tourism - Malaysia - Forecasting Tourism - Malaysia - Mathematical models English
spellingShingle Time - series analysis
Tourism - Malaysia - Forecasting
Tourism - Malaysia - Mathematical models
Shitan, Mahendran
Time series modelling of tourist arrivals to Malaysia
title Time series modelling of tourist arrivals to Malaysia
title_full Time series modelling of tourist arrivals to Malaysia
title_fullStr Time series modelling of tourist arrivals to Malaysia
title_full_unstemmed Time series modelling of tourist arrivals to Malaysia
title_short Time series modelling of tourist arrivals to Malaysia
title_sort time series modelling of tourist arrivals to malaysia
topic Time - series analysis
Tourism - Malaysia - Forecasting
Tourism - Malaysia - Mathematical models
url http://psasir.upm.edu.my/id/eprint/17416/