2020
DOI: 10.3390/forecast2030012
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Are Combined Tourism Forecasts Better at Minimizing Forecasting Errors?

Abstract: This study, which was contracted by the European Commission and is geared towards easy replicability by practitioners, compares the accuracy of individual and combined approaches to forecasting tourism demand for the total European Union. The evaluation of the forecasting accuracies was performed recursively (i.e., based on expanding estimation windows) for eight quarterly periods spanning two years in order to check the stability of the outcomes during a changing macroeconomic environment. The study sample in… Show more

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Cited by 11 publications
(7 citation statements)
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“…288-294), [92] (pp. [91][92][93][94][95][96][97][98][99][100][101]. The key importance of tourist values is supported by the fact that tourists arrive at a given place because they are interested in the tourist values existing there.…”
Section: Discussionmentioning
confidence: 99%
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“…288-294), [92] (pp. [91][92][93][94][95][96][97][98][99][100][101]. The key importance of tourist values is supported by the fact that tourists arrive at a given place because they are interested in the tourist values existing there.…”
Section: Discussionmentioning
confidence: 99%
“…Tourism development forecasts can be found in Álvarez-Díaz Gunter et al [98] (pp. [90][91][92][93][94][95][96][97][98][99][100][101][102][103][104][105][106] and Gunter et al [99] (pp. 211-229).…”
Section: Discussionmentioning
confidence: 99%
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“…In the second step, the accuracy of forecasts was assessed by means of ex post forecast errors used in the relevant literature on forecasting [21][22][23][24]26,[43][44][45][46][47][48][49]]:…”
Section: Purpose and Methodology Of Researchmentioning
confidence: 99%
“…In the field of machine learning, stochastic gradient descent is a widely used weight optimization method, especially in DL. However, there are some problems with the random gradient descent method in practical applications [11][12]. Firstly, the random gradient learning descent method needs to choose a suitable learning rate; If the learning rate is too low, the update will be too slow and time-consuming; If the learning rate is too large, it may lead to failure of convergence, so it is difficult to choose an appropriate learning rate.…”
Section: Training Of DL Prediction Model Networkmentioning
confidence: 99%