Abstract
This paper investigates the combination of individual forecasting models and their roles in improving forecasting accuracy and proposes two non-linear combination forecasting models using Radial Basis Function and Support Vector Regression neural networks. These two non-linear combination models plus the standard Multi-layer Perceptron neural network-based non-linear combination model are examined and compared with the linear combination models. The UK inbound tourism quarterly arrival data is used and the empirical results demonstrate that the proposed non-linear combination models are robust and outperform the linear combination models that currently dominate in the tourism forecasting literature.
Original language | English |
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Pages (from-to) | 596-607 |
Number of pages | 12 |
Journal | International Journal of Tourism Research |
Volume | 16 |
Issue number | 6 |
Early online date | 30 May 2013 |
DOIs | |
Publication status | Published - Nov 2014 |
Keywords
- Combination forecasts
- Neural networks
- Time series
- Tourism demand