ON TESTS FOR LONG-TERM DEPENDENCE: INDIA’S INTERNATIONAL TOURISM MARKET
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There have been growing interest in studying behavior of long memory process in tourism market. In this research examine the
behavior of India’s international tourism market based on long-memory analysis. The international tourism market of India combined with
nine countries: USA, UK, Canada, Germany, France, Japan, Malaysia, Australia and Sri Lanka. Moreover, three statistical tests for long memory
process such as R/S test, Modified R/S test and GPH-test are employed to test in these market. The empirical findings in general
provide more support for no long memory process or no long-term dependence in international tourism market of India.