Vol 4, No 4 (2016)
Tourism Demand in the South-west Planning Region of Macedonia
Elena Kosturanova
Abstract
The paper makes an attempt to forecast tourism demand in the South-west Planning Region (SWPR) of Macedonia. The author applies the trend analysis model and the simple linear regression model for that purpose. The linear regression model gave better and more accurate results. According to the ten-year-forecasts obtained from the linear regression results, it is expected an insignificant increase of tourism demand in the SWPR. Yet, according to the ten-year forecasts obtained from the trend analysis model, it is expected a great increase of tourism demand in this region. It should always have in mind that the forecasts can never be absolute accurate due to many influential factors. Regardless the applied method, it cannot explain the changes and reasons behind that.
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Keywords
Forecasting, Tourism demand, South-west Planning Region, Macedonia.
Publication information
Volume 4, Issue 4
Year of Publication: 2016
ISSN: 1857 - 8721
Publisher: EDNOTERA
How to cite
Kosturanova, E.: Tourism Demand in the South-west Planning Region of Macedonia. Journal of Applied Economics and Business, Vol 4, No. 4, 30-42. (2016)