Forecasting of Tourism Companies Before and During Covid-19

For about last two years, the whole world is suffering from a novel disease i.e. Covid-19. When it was first diagnosed in China, even the giant health agencies could not predict the severity and spread of this disease. Slowly, when this novel coronavirus had an outbreak the countries stopped all kin...

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Main Author: Asima Sarkar
Format: Article
Language:English
Published: Prasetiya Mulya Publishing 2021-11-01
Series:International Research Journal of Business Studies
Subjects:
Online Access:http://irjbs.com/index.php/jurnalirjbs/article/view/2321
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author Asima Sarkar
author_facet Asima Sarkar
author_sort Asima Sarkar
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description For about last two years, the whole world is suffering from a novel disease i.e. Covid-19. When it was first diagnosed in China, even the giant health agencies could not predict the severity and spread of this disease. Slowly, when this novel coronavirus had an outbreak the countries stopped all kinds of communication be it interstate or intercountry and so the tourism companies started facing huge loss due to lockdown in every single country. In this paper, the stock prices of the multinational tourism companies that operate in India, have been forecasted and using an online learning algorithm known as Gated Recurrent Unit (GRU). As we know that predicting stock prices is not an easy task to do, it requires extensive study of the stock market and intervention of statistical and machine learning models. We will try to spot whether the forecasting before pandemic is better than the forecasting during the pandemic for each of the six leading multinational tourism companies.
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spelling doaj.art-3ee787e4193c4294a3789e00fce19ac62022-12-21T21:35:56ZengPrasetiya Mulya PublishingInternational Research Journal of Business Studies2089-62712338-45652021-11-011429910610.21632/irjbs.14.2.99-106Forecasting of Tourism Companies Before and During Covid-19Asima Sarkar0Dept. of Management & Business Administration, Aliah University, New Town, Kolkata Action Area II, Plot No.IIA/27, Newtown, Kolkata, West Bengal 700156, IndiaFor about last two years, the whole world is suffering from a novel disease i.e. Covid-19. When it was first diagnosed in China, even the giant health agencies could not predict the severity and spread of this disease. Slowly, when this novel coronavirus had an outbreak the countries stopped all kinds of communication be it interstate or intercountry and so the tourism companies started facing huge loss due to lockdown in every single country. In this paper, the stock prices of the multinational tourism companies that operate in India, have been forecasted and using an online learning algorithm known as Gated Recurrent Unit (GRU). As we know that predicting stock prices is not an easy task to do, it requires extensive study of the stock market and intervention of statistical and machine learning models. We will try to spot whether the forecasting before pandemic is better than the forecasting during the pandemic for each of the six leading multinational tourism companies.http://irjbs.com/index.php/jurnalirjbs/article/view/2321forecastingstock marketneural networkgru
spellingShingle Asima Sarkar
Forecasting of Tourism Companies Before and During Covid-19
International Research Journal of Business Studies
forecasting
stock market
neural network
gru
title Forecasting of Tourism Companies Before and During Covid-19
title_full Forecasting of Tourism Companies Before and During Covid-19
title_fullStr Forecasting of Tourism Companies Before and During Covid-19
title_full_unstemmed Forecasting of Tourism Companies Before and During Covid-19
title_short Forecasting of Tourism Companies Before and During Covid-19
title_sort forecasting of tourism companies before and during covid 19
topic forecasting
stock market
neural network
gru
url http://irjbs.com/index.php/jurnalirjbs/article/view/2321
work_keys_str_mv AT asimasarkar forecastingoftourismcompaniesbeforeandduringcovid19