{"id":875,"date":"2021-03-09T07:26:00","date_gmt":"2021-03-09T07:26:00","guid":{"rendered":"http:\/\/cvsc.upcebu.edu.ph\/?p=875"},"modified":"2021-03-09T07:26:00","modified_gmt":"2021-03-09T07:26:00","slug":"hybrid-svr-sarima-model-for-tourism-forecasting-using-promethee-ii-as-a-selection-methodology-a-philippine-scenario","status":"publish","type":"post","link":"https:\/\/cvsc.upcebu.edu.ph\/index.php\/2021\/03\/09\/hybrid-svr-sarima-model-for-tourism-forecasting-using-promethee-ii-as-a-selection-methodology-a-philippine-scenario\/","title":{"rendered":"Hybrid SVR-SARIMA model for tourism forecasting using PROMETHEE II as a selection methodology: a Philippine scenario"},"content":{"rendered":"\n

Dharyll Prince Mariscal Abellana, <\/a>Donna Marie Canizares Rivero, <\/a>Ma. Elena Aparente, <\/a>Aries Rivero<\/a><\/p>\n\n\n\n

Journal of Tourism Futures<\/a><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Abstract<\/h2>\n\n\n\n

Purpose<\/h3>\n\n\n\n

This paper aims to propose a hybrid-forecasting model for long-term tourism demand forecasting. As such, it attempts to model the tourism demand in the Philippines, which is a relatively underrepresented area in the literature, despite its tourism sector\u2019s growing economic progress.<\/p>\n\n\n\n

Design\/methodology\/approach<\/h3>\n\n\n\n

A hybrid support vector regression (SVR) \u2013 seasonal autoregressive integrated moving averages (SARIMA) model is proposed to model the seasonal, linear and nonlinear components of the tourism demand in a destination country. The paper further proposes the use of multiple criteria decision-making (MCDM) approaches in selecting the best forecasting model among a set of considered models. As such, a preference ranking organization method for enrichment of evaluations (PROMETHEE) II is used to rank the considered forecasting models.<\/p>\n\n\n\n

Findings<\/h3>\n\n\n\n

The proposed hybrid SVR-SARIMA model is the best performing model among a set of considered models in this paper using performance criteria that evaluate the errors of magnitude, directionality and trend change, of a forecasting model. Moreover, the use of the MCDM approach is found to be a relevant and prospective approach in selecting the best forecasting model among a set of models.<\/p>\n\n\n\n

Originality\/value<\/h3>\n\n\n\n

The novelty of this paper lies in several aspects. First, this paper pioneers the demonstration of the SVR-SARIMA model\u2019s capability in forecasting long-term tourism demand. Second, this paper is the first to have proposed and demonstrated the use of an MCDM approach for performing model selection in forecasting. Finally, this paper is one of the very few papers to provide lenses on the current status of Philippine tourism demand.<\/p>\n\n\n\n

Keywords<\/h2>\n\n\n\n