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http://dx.doi.org/10.12653/jecd.2012.19.2.301

Forecasting of Yeongdeok Tourist by Seasonal ARIMA Model  

Son, Eun-Ho (농촌진흥청 국립농업과학원)
Park, Duk-Byeong (농촌진흥청 국립농업과학원)
Publication Information
Journal of Agricultural Extension & Community Development / v.19, no.2, 2012 , pp. 301-320 More about this Journal
Abstract
The study uses a seasonal ARIMA model to forecast the number of tourists of Yeongdeok in an uni-variable time series. The monthly data for time series were collected ranging from 2006 to 2011 with some variation between on-season and off-season tourists in Yeongdeok county. A total of 72 observations were used for data analysis. The forecast multiplicative seasonal ARIMA(1,0,0)$(0,1,1)_{12}$ model was found the most appropriate one. Results showed that the number of tourists was 10,974 thousands in 2012 and 13,465 thousands in 2013, It was suggested that the grasping forecast model is very important in respect of how experts in tourism development in Yeongdeok county, policy makers or planners would establish strategies to allocate service in Yeongdeok tourist destination and provide tourism facilities efficiently.
Keywords
Tourism Demand; Seasonal ARIMA Model; Forecasting;
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Times Cited By KSCI : 1  (Citation Analysis)
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