A test of space‐time arma modelling and forecasting of hotel data

Phillip E. Pfeifer, Samuel E. Bodily

doi:10.1002/for.3980090305

A test of space‐time arma modelling and forecasting of hotel data

DOI Web Site Web Site 被引用文献2件

書誌事項

公開日: 1990-05

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http://onlinelibrary.wiley.com/termsAndConditions#vor

DOI

10.1002/for.3980090305

公開者: Wiley

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説明

<jats:title>Abstract</jats:title><jats:p>This paper describes the application of space‐time ARMA modelling to demand‐related data from eight hotels from a single hotel chain in a large US city. Important spatial characteristics of the space‐time process are incorporated into the model using a simple weighting matrix based on driving distances between the hotels. Using a hold‐out sample, the forecasting performance of this space‐time approach was found to be superior to eight separate univariate ARMA models.</jats:p>