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What is Autoregression (AR)

Chapter 12
Impact of Globalization and Advanced Technologies on Online Business Models
Autoregression is a time series model that uses observations from previous time steps as input to a regression equation to predict the value at the next time step. It is a very simple idea that can result in accurate forecasts on a range of time series problems.
Published in Chapter:
Impact of Information and Communication Readiness on the Tourism Industry: A Dynamic GMM Approach
Woon Leong Lin (Taylor's University, Malaysia) and Bee Lian Song (Taylor's University, Malaysia)
Copyright: © 2021 |Pages: 16
DOI: 10.4018/978-1-7998-7603-8.ch012
Abstract
This study examines the impact of ICT readiness on the tourism industry and how it leads to growing competitiveness by deploying three-panel data analysis techniques (pooled OLS, fixed effects, dynamic GMM) with 177 nations for the period 2011 to 2019. ICT readiness is gauged using the World Economic Forum's Travel and Tourism Competitiveness Index, whereas tourism's contribution towards economic progress is gauged by overall international traveler arrival. The observations indicate that ICT readiness causes a statistically significant effect on tourism's role in economic progress. Tourism policy effects and guidelines for future works are discussed as well.
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