Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria

Most of the Bulgarian rural municipalities need to back up their investment decisions in tourism infrastructure by preliminary analysis and forecasts. The present paper regards several major problems in the application of exponential smoothing methods for the purpose of the long-run forecasting...

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Main Author: Preslav Dimitrov
Format: Article
Language:English
Published: University of Algarve, ESGHT/CINTURS 2013-01-01
Series:Tourism & Management Studies
Subjects:
Online Access:https://tmstudies.net/index.php/ectms/article/view/545/915
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author Preslav Dimitrov
author_facet Preslav Dimitrov
author_sort Preslav Dimitrov
collection DOAJ
description Most of the Bulgarian rural municipalities need to back up their investment decisions in tourism infrastructure by preliminary analysis and forecasts. The present paper regards several major problems in the application of exponential smoothing methods for the purpose of the long-run forecasting for the needs of the mountainous municipality of Stambolovo, Bulgaria, such as: (i) the problem of determining the time series pattern; or the so-called “forecast profile”; (ii) the selection of a suitable forecasting method; (iii) Calculating of short-run and long-run forecasts; and (iv) the comparison of the results of the forecast techniques on the basis of the errors in the forecasts. A specially designed model for estimation of the weight coefficient needed for determining the size of the rural tourism and ecotourism sectors of this very same municipality, located near Bulgaria’s border with Greece and Turkey, is being presented.
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spelling doaj-art-7cd175183d5a4be5b7e7c07689be80952025-02-02T20:38:09ZengUniversity of Algarve, ESGHT/CINTURSTourism & Management Studies2182-84662013-01-01914147Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, BulgariaPreslav Dimitrov0South-West University “Neofit Rilski”, Blagoevgrad, BulgariaMost of the Bulgarian rural municipalities need to back up their investment decisions in tourism infrastructure by preliminary analysis and forecasts. The present paper regards several major problems in the application of exponential smoothing methods for the purpose of the long-run forecasting for the needs of the mountainous municipality of Stambolovo, Bulgaria, such as: (i) the problem of determining the time series pattern; or the so-called “forecast profile”; (ii) the selection of a suitable forecasting method; (iii) Calculating of short-run and long-run forecasts; and (iv) the comparison of the results of the forecast techniques on the basis of the errors in the forecasts. A specially designed model for estimation of the weight coefficient needed for determining the size of the rural tourism and ecotourism sectors of this very same municipality, located near Bulgaria’s border with Greece and Turkey, is being presented.https://tmstudies.net/index.php/ectms/article/view/545/915forecastingexponential smoothingecotourism
spellingShingle Preslav Dimitrov
Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
Tourism & Management Studies
forecasting
exponential smoothing
ecotourism
title Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
title_full Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
title_fullStr Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
title_full_unstemmed Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
title_short Long-run forecasting of the number of the ecotourism arrivals in the municipality of Stambolovo, Bulgaria
title_sort long run forecasting of the number of the ecotourism arrivals in the municipality of stambolovo bulgaria
topic forecasting
exponential smoothing
ecotourism
url https://tmstudies.net/index.php/ectms/article/view/545/915
work_keys_str_mv AT preslavdimitrov longrunforecastingofthenumberoftheecotourismarrivalsinthemunicipalityofstambolovobulgaria