Social Sciences
6 years ago

New model predicts tourist spending patterns, revolutionizing travel industry forecasts.

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Economic Modelling
Modelling distribution of aggregate expenditure on tourism
Emilio Gómez–Déniz, Jorge V. Pérez–Rodríguez

Paper Summary

The article models how much money tourists spend based on how long they stay in one place. They came up with two models to predict spending, considering factors like length of stay. The models fit well with the data, showing that they work accurately.

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