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| What are the Factors that Determine the Number of People Coming to China? |
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| KeyWord:Least squares analysis regression correlation coefficient |
| Author Name | Affiliation | | Yutong Sun | School of Business, Macau University of Science and Technology, Avenida Wai Long, Taipa, Macau, China | | Xiaoxiang Guo | School of Mathematics and Statistics, Zhengzhou University, Zhengzhou, Henan 450001, China | | Jingli Ren | School of Mathematics and Statistics, Zhengzhou University, Zhengzhou, Henan 450001, China
Henan Key Laboratory of Financial Engineering, Zhengzhou, China |
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| Abstract: |
| This paper studies the factors that affect people coming to China. We select the spending of United States and South Korea, GDP, railway transportation capacity of China as observations. Based on the data from 1988 to 2015, we use the ordinary least squares analysis regression model and present a most reasonable regression equation. It is found that South Korea’s spending is negative to the number of visitors, whereas the spending of US is positive. On comparing the effect of other variables, the growth of railway transportation capacity and the overseas travel expenses of South Korea or United States, have almost no significant impact on the number of people coming to China. However, as China economic growth increasing rapidly, more and more people are willing to come. |
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