About: How much did the Tourism Industry Lost? Estimating Earning Loss of Tourism in the Philippines

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An Entity of Type : schema:ScholarlyArticle, within Data Space : covidontheweb.inria.fr associated with source document(s)

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type	Academic Article research paper schema:ScholarlyArticle
isDefinedBy	Covid-on-the-Web dataset
title	How much did the Tourism Industry Lost? Estimating Earning Loss of Tourism in the Philippines
Creator	Centeno, Raffy Marquez, Judith
source	ArXiv
abstract	The study aimed to forecast the total earnings lost of the tourism industry of the Philippines during the COVID-19 pandemic using seasonal autoregressive integrated moving average. Several models were considered based on the autocorrelation and partial autocorrelation graphs. Based on the Akaike's Information Criterion (AIC) and Root Mean Squared Error, ARIMA(1,1,1)$/times$(1,0,1)$_{12}$ was identified to be the better model among the others with an AIC value of $-414.51$ and RMSE of $47884.85$. Moreover, it is expected that the industry will have an estimated earning loss of around 170.5 billion pesos if the COVID-19 crisis will continue up to July. Possible recommendations to mitigate the problem includes stopping foreign tourism but allowing regions for domestic travels if the regions are confirmed to have no cases of COVID-19, assuming that every regions will follow the stringent guidelines to eliminate or prevent transmissions; or extending this to countries with no COVID-19 cases.
has issue date	2020-04-21(xsd:dateTime)
has license	arxiv
sha1sum (hex)	355689a179d9e692368157740a46599deacc7a6c
resource representing a document's title	How much did the Tourism Industry Lost? Estimating Earning Loss of Tourism in the Philippines
resource representing a document's body	covid:355689a179d9e692368157740a46599deacc7a6c#body_text
is schema:about of	named entity 'industry' named entity 'Estimating' named entity 'ARIMA' named entity 'EARNINGS' named entity 'MODEL' »more»

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