Forecasting tourism demand using a multifactor support vector machine model

  • Authors:
  • Ping-Feng Pai;Wei-Chiang Hong;Chih-Sheng Lin

  • Affiliations:
  • Department of Information Management, National Chi Nan University, Puli, Nantou, Taiwan, China;School of Management, Da-Yeh University, Da-Tusen, Changhua, Taiwan, China;Department of Industrial Engineering and Enterprise Information, Tung-Hai University, Taichung, Taiwan, China

  • Venue:
  • CIS'05 Proceedings of the 2005 international conference on Computational Intelligence and Security - Volume Part I
  • Year:
  • 2005

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Abstract

Support vector machines (SVMs) have been successfully applied to solve nonlinear regression and times series problems. However, the application of SVMs for tourist forecasting has not been widely explored. Furthermore, most SVM models are applied for solving univariate forecasting problems. Therefore, this investigation examines the feasibility of SVMs with backpropagation neural networks in forecasting tourism demand influenced by different factors. A numerical example from an existing study is used to demonstrate the performance of tourist forecasting. Experimental results indicate that the proposed model outperforms other approaches for forecasting tourism demand.