Tourism Prosperity Index of Macau Via Principal Component Analysis

DOI

10.2991/edmi-19.2019.30How to use a DOI?

Keywords

Tourism Prosperity Index (TPI); Macau.

Abstract

This paper argues for a more robust and flexible framework to develop the Tourism Prosperity Index (TPI), one which is able to forecast supply and demand for a destination. However, the adoption of indicators and cycle selection address challenge when researchers attempt to include them in the forecasting model. In this paper, the principal component analysis is used to construct and evaluate TPI in Macau from 2006 to 2015 and predicts its future development. The prediction results were coincident with the realistic development situation.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fangqing Sheng
AU  - Lili Wang
AU  - Rui Jiang
AU  - Yueli Ni
PY  - 2019/08
DA  - 2019/08
TI  - Tourism Prosperity Index of Macau Via Principal Component Analysis
BT  - Proceedings of the 1st International Symposium on Economic Development and Management Innovation (EDMI 2019)
PB  - Atlantis Press
SP  - 196
EP  - 200
SN  - 2352-5428
UR  - https://doi.org/10.2991/edmi-19.2019.30
DO  - 10.2991/edmi-19.2019.30
ID  - Sheng2019/08
ER  -