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Articles

Forecasting Croatian inbound tourism demand

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Pages 1046-1062 | Received 21 Jun 2014, Accepted 14 Sep 2015, Published online: 04 Nov 2015

Figures & data

Table 1. Frequently used methods in studies on forecasting tourism demand.

Table 2. List of variables used in the analysis together with abbreviations and data sources.

Figure 1. Original data series used in the analysis.

Source: Authors’ calculation.
Figure 1. Original data series used in the analysis.

Figure 2. Original data series used in the analysis – continued.

Source: Authors’ calculation.
Figure 2. Original data series used in the analysis – continued.

Table 3. Leading indicators of Croatian inbound tourism demand.

Figure 3. Leading indicators after standardisation of amplitudes, inversion and lag-shifting (Step 3 of the methodology).

Source: Authors’ calculation.
Figure 3. Leading indicators after standardisation of amplitudes, inversion and lag-shifting (Step 3 of the methodology).

Table 4. Results of weights optimisation procedure (grid search).

Figure 4. Out of sample forecast of composite leading indicator.

Note: Shaded area represents period of the out of sample forecast.

Source: Authors’ calculation.

Figure 4. Out of sample forecast of composite leading indicator.Note: Shaded area represents period of the out of sample forecast.Source: Authors’ calculation.