Analysis of Residents’ Consumption in China’s Domestic Tourism
Suting Liu1, Fang Chen2
1Suting Liu, Department of Mathematics and Finance, Hunan University of Humanities Science and Technology Loudi, China.
2Fang Chen, Department of Mathematics and Finance, Hunan University of Humanities Science and Technology Loudi, China.
Manuscript received on May 03, 2018. | Revised Manuscript received on May 09, 2018. | Manuscript published on May 15, 2018. | PP:7-9 | Volume-5, Issue-5, May 2018. | Retrieval Number: E1070055518
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© The Authors. Published By: Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Tourism, as a new type of advanced social consumption, integrates the material life consumption and the cultural life consumption organically through tourism consumption. This article adopts econometric statistics methods for domestic tourism consumption in 1997-2016 and establishes a multiple regression model to study the intrinsic interactions between tourism consumption, domestic tourist numbers and total residents’ consumption. Based on the results, it makes reasonable forecasts on the future growth of tourism consumption.
Keywords: Total Domestic Tourism Consumption; Residents’ Total Consumption; Multiple Regression Model; Multicollinearity.