ACCRUED FORECASTING ON TOURIST’S ARRIVAL IN BANGLADESH FOR SUSTAINABLE DEVELOPMENT

Abstract

Forecasting of potential tourists’ appearance could assume a critical role in the tourism industry, arranging at all levels in both the private and public sectors. In this study our aim to build an econometric model to forecast worldwide visitor streams to Bangladesh. For this purpose, the present investigation focuses on univariate Seasonal Autoregressive Integrated Moving Average (SARIMA) modeling. Model choice criteria were Mean Absolute Percentage Error (MAPE), Mean Absolute Error (MAE), and Mean Squared Error (RMSE). As per descriptive statistics, the mean appearances were 207012 and will be 656522 (application) every year. Mean Absolute Deviation and Mean Squared Deviation likewise concurred with MAPE, MAE, and MSE. The result reveals that for sustainable development the SARIMA model is the reasonable model for forecasting universal visitor appearances in Bangladesh.

Keywords

• forecasting; tourist arrival; economic impacts; sustainable development; sarima model