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• W2058704626 abstract "This article examines the relationship between macroeconomic and the hospitality stock variables using the vector autoregressive (VAR) modeling approach. The empirical results based on the U.S. data show that the hospitality stock indices largely follow an autoregressive process, and they are not entirely independent from some key macroeconomic variables. Specifically, the BOND variable explains a substantial proportion of the forecast error variance among the stock indices for restaurants, lodging, and casinos. The consumer price index, money supply, and industrial production variables, however, provide a relatively smaller contribution toward explaining the forecast error variance in these hospitality stock indices." @default.
• W2058704626 created "2016-06-24" @default.
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• W2058704626 date "2006-02-01" @default.
• W2058704626 modified "2023-10-14" @default.
• W2058704626 title "Do Macroeconomic Variables Contain Any Useful Information for Predicting Changes in Hospitality Stock Indices?" @default.
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• W2058704626 doi "https://doi.org/10.1177/1096348005284267" @default.
• W2058704626 hasPublicationYear "2006" @default.
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