Modelling tourists' length of stay: A call for a 'back-to-basic' approach. (December 2016)
- Record Type:
- Journal Article
- Title:
- Modelling tourists' length of stay: A call for a 'back-to-basic' approach. (December 2016)
- Main Title:
- Modelling tourists' length of stay
- Authors:
- Thrane, Christer
- Other Names:
- Li ShiNa guest-editor.
Pratt Stephen guest-editor.
Song Haiyan guest-editor. - Abstract:
- Modelling of tourists' length of stay (LOS) is an expanding topic of study. A common thread in this literature is the use of sophisticated statistical/econometric methods. The present study builds on and extends an article critical of the statistical craftsmanship in prior LOS modelling studies. On the basis of an updated assessment of current practice and two small-scale case studies, two main conclusions are drawn. First, the available evidence suggests that the ordinary least squares (OLS) regression model produces qualitatively similar findings to much more complicated methods, such as duration and count data models. The principle of parsimony and the so-called KISS rule thus dictate that OLS regression analysis should be the preferred estimation technique in LOS modelling studies. Second, the quality of LOS modelling studies will most likely be improved by intensifying the use of the long-established tools of the trade explicated in influential econometric textbooks rather than by testing new estimation methods.
- Is Part Of:
- Tourism economics. Volume 22:Number 6(2016)
- Journal:
- Tourism economics
- Issue:
- Volume 22:Number 6(2016)
- Issue Display:
- Volume 22, Issue 6 (2016)
- Year:
- 2016
- Volume:
- 22
- Issue:
- 6
- Issue Sort Value:
- 2016-0022-0006-0000
- Page Start:
- 1352
- Page End:
- 1366
- Publication Date:
- 2016-12
- Subjects:
- duration models -- econometrics -- length of stay -- LOS -- OLS regression -- parsimony -- segmentation -- statistical modelling -- travel distance
Tourism -- Periodicals
338.4791 - Journal URLs:
- http://teu.sagepub.com/ ↗
http://www.ingentaconnect.com/content/ip/tec ↗
http://www.ippublishing.com/te.htm ↗
http://www.uk.sagepub.com/home.nav ↗ - DOI:
- 10.5367/te.2015.0489 ↗
- Languages:
- English
- ISSNs:
- 1354-8166
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 7236.xml