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The paper aims at estimating and forecasting international tourist arrivals to Cambodia during the time interval of 2000m1 to 2017m7, covering 209 of monthly observations. To find out factors affecting tourist arrivals, simple OLS and 2SLS with instrument variable regression are applied, on the...
Persistent link: https://www.econbiz.de/10015258914
Traditional decision theory describes human behavior and human preferences in terms of utility functions. In the last decades, it was shown that in many economic situations, a reasonable description of the actual decisions can be found if we use a different approach -- of spectral risk measures....
Persistent link: https://www.econbiz.de/10009463348
In traditional econometrics, the quality of an individual investment -- and of the investment portfolio -- is characterized by its expected return and its risk (variance). For an individual investment or portfolio, we can estimate the future expected return and a future risk by tracing the...
Persistent link: https://www.econbiz.de/10009463353