Forecasting Turkey's tourism revenues by ARMAX model

Abstract

The estimated models and their forecasts may be important for the economy of Turkey which is currently recovering from the recent economic crisis. Once US dollars expenditure per tourist is forecasted the gap between forecasts and needs can be defined more rationally to overcome economic crises. In short, discrepancy analysis may aid marketing promotion to increase arrivals and tourist expenditures. (C) 2003 Elsevier Ltd. All rights reserved.