Popular leisure actions embrace newbie sports and out of doors actions, casinos and gaming, amusement parks, sporting occasions, and concerts and stage reveals. Recreation is usually thought of an necessary part of one’s well being and peace of mind. Just about any exercise is on the market to individuals of all ages, interests, and incomes. Vacations are deliberate across the kinds of recreational facilities out there.
Travel and leisure market information a consecutive sturdy progress and turn into among the quickest financial sectors. Numerous research proposed distinct forecasting fashions to predict the dynamics of this sector and supply early recommendations for investors and coverage makers. In this paper, we examine the forecasting efficiency of smooth transition autoregressive (STAR) and linear autoregressive (AR) models utilizing the monthly returns of Turkey and FTSE travel and leisure indices from April 1997 to August 2016.
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