Applied multivariate forecasting model to tourism industry
نویسندگان
چکیده
Introduction The tourism industry, which comprises 11.7% of total global economic output and supplies 8% of the total number of jobs worldwide, is one of the largest-scale service industries compared with other competitive industries. Thus, the development of the tourism industry not only supplies numerous job opportunities to local residents but also generates considerable foreign exchange earnings for the economy. The globally accepted definition of the "tourism industry" is of a business with multiple aspects, including hotels, restaurants, transportation, entertainment, craft products, and so on. Li-Chang Hsu and Chao-Hung Wang
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