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The widespread availability of internet search data is a new source of high-frequency information that can potentially … improve the precision of macroeconomic forecasting, especially in areas with data constraints. This paper investigates whether … travel-related online search queries enhance accuracy in the forecasting of tourist arrivals to The Bahamas from the U.S. The …
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whether Google Trends provides significant forecasting improvements over models without search data. Second, we assess whether … a high-frequency variable (weekly Google Trends) is more useful for accurate forecasting than a low-frequency variable … accurate prediction in the context of tourism: we find that Google Trends information, both two months and one week ahead of …
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quantitative models available for tourism stakeholders to utilize in decision-making and planning. The country is experiencing … foreign currency shortages, which may be alleviated if the tourism industry, which has the power to generate foreign currency …, adopted quantitative forecasting techniques that can provide reliable estimates. For planning reasons, resource mobilization …
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