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 |
|---|---|
| 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