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Title: | Accuracy considerations in tourism forecasting |
Authors: | Luiz Moutinho Stephen F. Witt |
Editors: | William Lazer Eric H. Shaw Chow-Hou Wee |
Conference Name: | International Conference Series Volume IV 1989 |
Keywords: | Tourism industry Forecasts |
Conference Date: | 1989-07-16 |
Conference Location: | National University of Singapore, Singapore |
Abstract: | It is generally accepted that accuracy is a very important characteristic of forecasts of tourism demand. However, when considering probability forecasting it may not be necessary to forecast specific values with a high degree of precision, but only that the probability falls within a particular range of values. Furthermore, any knowledge relating to possible differences in the costs resulting from over- versus under-forecasting should be incorporated in the loss function when evaluating the appropriate management decision. |
ISBN: | 0-939783-01-0 |
Pages: | 317-322 |
Call Number: | HF5411.B52 1989 katsem |
Publisher: | Academy of Marketing Science |
Appears in Collections: | Seminar Papers/ Proceedings / Kertas Kerja Seminar/ Prosiding |
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