Abstract
This paper investigates the rise of South Korean tourism in the Philippines from 2014 to 2018 and explain its behavior year-to-year, and the other part is to forecast it’s growth or decline in the next following years; all of this is done through a Seasonal ARIMA (SARIMA) modelling framework. Results reveal that Korean arrivals were best modelled through a ARIMA(1,0,0)(2,1,0)₁₂ model, with residuals that are randomly distributed and contain no autocorrelations and an AICc value of -36.18, the lowest among the tested variations of the model, the model is the most appropriate to forecast the data for a 3-year period.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Innovative Science and Research Technology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.