Stock Performance of Tourism Business in Thailand
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Abstract
This paper aims to investigate the stock performance of tourism business in Thailand, the regression analysis is employed to study the relationship for prediction the stock performance by macroeconomic factors. This study consists of secondary data since January 2012 to August 2016, the tourism price index considered as the regressand variable while consumer price index, diesel price, exchange rate, and occupancy rate in terms of monthly data consisted as the regressors variables. The result indicates only the exchange rate can be estimated the stock performance of tourism business in Thailand significantly, and the predictor variables described 15.29% of variance. The future study should considered the other determinants, especially in tourism sector and seasonality should be determined.
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