Patterns of regional travel behavior: An analysis of Japanese hotel reservation data
This study considers the availability of room opportunities collected from a Japanese hotel booking site. We empirically analyze the daily number of room opportunities for four areas. To determine the migration trends of travelers, we discuss a finite mixture of Poisson distributions and the EM-algorithm as its parameter estimation method. We further propose a method to infer the probability of opportunities existing for each observation. We characterize demand–supply situations by means of relationship between the averaged room prices and the probability of opportunity existing.
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Volume (Year): 23 (2012)
Issue (Month): C ()
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- Alfarano, Simone & Lux, Thomas, 2007.
"A Noise Trader Model As A Generator Of Apparent Financial Power Laws And Long Memory,"
Cambridge University Press, vol. 11(S1), pages 80-101, November.
- Alfarano, Simone & Lux, Thomas, 2005. "A noise trader model as a generator of apparent financial power laws and long memory," Economics Working Papers 2005,13, Christian-Albrechts-University of Kiel, Department of Economics.
- Liu, Z. & Almhana, J. & Choulakian, V. & McGorman, R., 2006. "Online EM algorithm for mixture with application to internet traffic modeling," Computational Statistics & Data Analysis, Elsevier, vol. 50(4), pages 1052-1071, February.
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