Refer to Chung, J. Y. and T. Whang, 2011, “The Impact of Low Cost Carriers on Korean Island Tourism”
Question: Refer to Chung, J. Y. and T. Whang, 2011, “The Impact of Low Cost Carriers on Korean
Island Tourism”, Journal of Transport Geography, 19, pp. 1335-1340.
Explain why this is a time series analysis (regression). What is the cross-sectional unit being observed? What is the time period and frequency of observations (see pg. 1337)?
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