Tourism forecasting UE Past Papers Questions.

Explain why tourism forecasts are important in the following tourism functions.

1. Tourism advertisement and marketing
2. Tourism planning at the level of an individual business
3. Firm`s profit maximization
4. Tourism planning at National level

Answer / Solution

UNSOLVED

Discuss the concept that “forecasting is not an exact science” give four points.

Answer / Solution

UNSOLVED

Explain briefly how the following factors can affect tourism forecasts.

1. Political factors
2. Technological factors
3. Environmental factors
4. Economic factors

Answer / Solution

UNSOLVED

Show how the following tourism forecasting  methods work.

1. Naive Methods
2. Simple Moving Average (SMA)
3. Market Survey
4. Scenario planning

Answer / Solution

UNSOLVED

1. Study the following table of time series demand data for country M and use the smooth exponential equation to find the forecasts from year 2008 to year 2017. Assume the smoothing coefficient is 0.9.

2. Sketch the graph of forecasts against (Vs) Time and tell about the trend you have observed.

Answer / Solution

UNSOLVED