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Forecasting tourism demand in Chile: Regional analysis using the Seasonal Autoregressive Model
 
     
      Forecasting tourism demand in Chile: Regional analysis using the Seasonal Autoregressive Model
      Pronóstico de la demanda turística en Chile: Análisis regional utilizando un Modelo Autorregresivo Estacional


Autor(es):
Mondaca-Marino, Cristian Mauricio
Arriagada Millaman, Ailin
Piffaut, Pedro V.


Periódico: El Periplo Sustentable

Fonte: El Periplo Sustentable; Núm. 41 (2021): Número Cuarenta y uno; 234 - 254

Palavras-chave:


Resumo: This paper presents Chilean tourism demand describing its behavior for both the country and each of its regions, the analyzed period comprises 2014:01 to 2019:02. The seasonal autoregressive model (SARIMA) process was used to model the series growing dynamics. Results show that best-fitting models capture nonlinear growth, seasonal patterns, and series volatility, and make it possible to describe not so obvious behaviors, such as the seasonal process order or long-term growth trends. From a public policy point of view, this provides relevant information for decision-makers to manage touristic services and infrastructure in a better way. Regional and countries’ forecasted demand presents a low error percentage, less than 2%, though in some regions this value is underestimated overestimated in others.