Studying Economics and Tourism Industry Relations by Smooth Partial Least Squares Method Depending on Parameter

Abstract

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Determinants of tourism industry in selected European countries: a smooth partial least squares approach

“…The paths of singular values and corresponding singular vectors of between and within sets correlation matrices are expressed as smooth functions of the annual data processed by a piecewise polynomial form of the cubic spline interpolant. To the best of our knowledge, Malec (2014) has published the only one descriptive application of smooth PLS on real data. However, the approaches can also be termed as moving window PLS and moving window PCA.…”