Thailand

Forecasting with X-12-ARIMA: International tourist arrivals to India and Thailand

by Peter Balogh – Sandor Kovacs – Chukiat Chaiboonsri – Prasert Chaitip Ph.D. Forecasting is an essential analytical tool in tourism policy and planning. This paper focuses on forecasting methods based on X-12-ARIMA seasonal adjustment and this method was developed by the Census Bureau in the United States. It has been…

ON TESTS FOR LONG MEMORY PROCESS BEHAVIOR OF INTERNATIONAL TOURISM MARKET: THAILAND AND INDIA

by Songsak Sriboonchitta, Prasert Chaitip, Péter Balogh, Sándor Kovács, Chukiat Chaiboonsri In our research we examine the behaviour of both Thailand’s and India’s international tourism market by using long-memory analysis. The international tourism market of Thailand combined with seven groups such as East Asia, Europe, The Americas, South Asia, Oceania,…

AN INVESTIGATION ON THE INTERNATIONAL TOURISTS’ EXPENDITURES IN THAILAND: A MODELLING APPROACH

by Songsak Sriboonchitta, Chukiat Chaiboonsri, Prasert Chaitip, Arreyah Chaitip, Sándor Kovács & Péter Balogh As a result of the increase in both the international tourists’ expenditures and tourist arrivals to Thailand, there is a growing interest in determining the trend of international tourists’ expenditures based on time-series modelling. In our…